Concept explainers
Consider the data in the table below regarding workers’ average monthly out-of-pocket premium for health insurance for a family.
[6.4]
(a) Find the regression line,
(b) Use the regression line to predict workers’ average monthly. Out-of-pocket premium for health insurance for a family in 2020
(c) Find the exponential regression curve
(d) Use the exponential regression curve to estimate the average monthly out-of-pocket premium in 2020
Number of years, x, since | Workers’ Average Monthly Out-of-pocket Premium for Health Insurance for a Family |
0 | $129 |
6 | $226 |
12 | $360 |
13 | $380 |
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Calculus and Its Applications (11th Edition)
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