BUSINESS: Movie Prices National average theater admissions prices for recent decades...

BUSINESS: Movie Prices National average theater admissions prices for recent decades are given in the following table.

a. Number the data columns with x-values 1–6 (so that x stands for decades since 1950) and use quadratic regression to fi t a parabola to the data. State the regression function. [Hint: See Example 10.]

b. Use the regression function to predict movie prices in the years 2020 and 2030.

Reference : Example 10