Given equation:
[tex]y=0.16x+0.17[/tex]where x is the number of years since 1989 and y is the price of the mixed nuts
To find: Price per pound for the yeat 2008
Solution:
Calculating the number of years as per 2008 since 1989
[tex]\begin{gathered} =2008-1989 \\ =19 \end{gathered}[/tex]Thus, number of years = x = 19
Now, putting the value of x in the given formula to calculate y
[tex]\begin{gathered} y=0.16\times19+0.17 \\ y=3.04+0.17 \\ y=3.21 \end{gathered}[/tex]Hence, Price per pound of mixed nuts is 3.21
