Problem

The Consumer Price Index was 38.8 in 1970 and 113.6 in 1987. Assuming that this index is l...

The Consumer Price Index was 38.8 in 1970 and 113.6 in 1987. Assuming that this index is linearly related to time, find an equation relating the Consumer Price Index to the time given in number of years after 1970. What value for the Consumer Price Index does this predict for 1980? (The actual value was 82.4.)

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