FAMILY The table shows the predicted annual cost for a middle-income family to raise a child from birth until adulthood.
Child's Age
Annual Cost
($)
Cost of Raising a Child Born in 2013
5
8
y=
2
12,940
about $
12,970
12,800
X+
11
13,600
a. Make a scatter plot on a separate sheet of paper and describe what relationship exists within the data.
There is Select Choice correlation between the child's age and annual cost.
14
Part B
b. Use the points (8, 12,800) and (14, 14,420) to write the equation of the line of fit in slope-intercept form.
14,420
c. If the trend continues, what will be the approximate annual cost of raising a child born in 2013 at age 17?
