Please answer eve Consideration of InflationIn all of your previous problems, you examined trends that do not take inflation into account. Inthis extension, you will reproduce the analysis after adjusting the data for inflation.11. Use the following web-site to convert the price of gasoline to inflated prices for thecurrent year. Add these values to the table that follows.http://www.bls.gov/data/inflationcalculator.htmYears since20000123456789101112Gas Price perGallon$1.30$1.47$1.14$1.47$1.59$1.82$2.32$2.27$3.05$1.79$2.73$3.09$3.40Gas Price Adjustedfor Inflation*What you are going to do here is use the year 2000 as your baseline for all years. On the web-site, enter the price in the first field, always leave the second field 2000, and adjust "Has thesame buying power as" to the year next to each price. When you click "Calculate," you will seethe adjusted price. That is what you write in the last column of the table for each year.For example, when you compute the last field, it should look like this: CPI Inflation Calculator$in 2000Has the same buying power as:$4.53in 2012Price ($)12. You will now create a scatter plot using the years vs. the adjusted gasoline prices.$4.00$3.50$3.00$2.50$2.00$1.50$1.00$0.50$0.00Calculate03.40Average Price ($) of Regular Unleaded Gasoline at thebeginning of the year Adjusted for Inflation185Years since 200091011121313. Using your calculator, find a linear regression equation for years vs. adjusted gasolineprices. Also give the r and r²2 values for this equation.14. Using your calculator, find a quadratic regression equation for years vs. adjusted gasolineprices. Also give the r and r² values for this equation.15. Now, using the new quadratic model, predict what the price of gas will be in the year2020. Does this cause any concern?Reflections16. Do you believe the models that use the inflated prices are better models? Why or whynot?17. Of all 4 models (equations) you have created in this assignment, which one do youbelieve is the best model and why?

11. Use the following web-site to convert the price of gasoline to inflated prices for the current year. Add these values to the table that follows. http://www.bls.gov/data/inflation Years since 2000 0 1 2 3 4 5 6 7 8 9 10 11 12 Gas Price per Gallon $1.30 $1.47 $1.14 $1.47 $1.59 $1.82 $2.32 $2.27 $3.05 $1.79 $2.73 calculator.htm $3.09 $3.40 Gas Price Adjusted for Inflation *What you are going to do here is use the year 2000 as your baseline for all years. On the web- site, enter the price in the first field, always leave the second field 2000, and adjust "Has the same buying power as" to the year next to each price. When you click "Calculate," you will see the adjusted price. That is what you write in the last column of the table for each year. For example, when you compute the last field, it should look like this: