(Modeling) Solve the problem.
Super Bowl Ads The table lists the cost in millions of dollars for a 30-second Super Bowl commercial for selected years.
Year | 1994 | 1998 | 2004 | 2008 | 2012 |
Cost (in $ millions) | 1.2 | 1.6 | 2.3 | 2.7 | 3.5 |
Source: MSNBC.
(a) Use regression to find a linear function f that models the data.
(b) Estimate the cost in 1990 and compare the estimate to the actual value of $0.8 million.
(c) Use f to predict the year when the cost could reach $4 million.
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