Answer:
y = $1.542 per lb
Step-by-step explanation:
given data
mixed-nut blend store cost 2005 = $1.35 per lb
blend cost in 2010 = $1.83 per lb
solution
we consider here y = cost of a pound
and x year = after 2005
we will use here linear equation model
so
[tex]\frac{y - 1.35}{1.83-1.35} = \frac{x-10}{5 - 0}[/tex] .........................1
solve it we get
5y - 6.75 = .48 x
so
at 2007 year here x wil be 2
so
[tex]y = \frac{0.48 \times 2 + 6.75}{5}[/tex]
solve it we get
y = $1.542 per lb