2) The following data show Transportation Budget for North Carolina (Let year 1- 2003) ear Budget (in millions) :003 :004 :005 :006 :007 C008 385 397 452 501 446 450
2) The following data show Transportation Budget for North Carolina (Let year 1- 2003) ear Budget (in millions) :003 :004 :005 :006 :007 C008 385 397 452 501 446 450
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![**Transportation Budget for North Carolina**
The following data show the transportation budget for North Carolina from 2003 to 2014. Each year is compared against its budget in millions.
| Year | Budget (in millions) |
|------|-----------------------|
| 2003 | 385 |
| 2004 | 397 |
| 2005 | 452 |
| 2006 | 501 |
| 2007 | 446 |
| 2008 | 450 |
| 2009 | 593 |
| 2010 | 654 |
| 2011 | 846 |
| 2012 | 911 |
| 2013 | 1483 |
| 2014 | 1897 |
**Tasks:**
a) Create a scatter plot from this data. Ensure that both axes are labeled and that an overall title is given to the chart. Additionally, have the graph display the "r-value" and the correct equation.
b) Determine the type of correlation present in this data.
c) Decide whether this data fits a linear or exponential model better, providing reasoning for your choice.
d) Predict the transportation budget for the year 2020 based on the data.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F082cdcd2-4382-4586-afd9-2a8fb48bbe28%2Fa30fa009-5866-4f59-be31-59cd77a54095%2Fzwmgiv_processed.png&w=3840&q=75)
Transcribed Image Text:**Transportation Budget for North Carolina**
The following data show the transportation budget for North Carolina from 2003 to 2014. Each year is compared against its budget in millions.
| Year | Budget (in millions) |
|------|-----------------------|
| 2003 | 385 |
| 2004 | 397 |
| 2005 | 452 |
| 2006 | 501 |
| 2007 | 446 |
| 2008 | 450 |
| 2009 | 593 |
| 2010 | 654 |
| 2011 | 846 |
| 2012 | 911 |
| 2013 | 1483 |
| 2014 | 1897 |
**Tasks:**
a) Create a scatter plot from this data. Ensure that both axes are labeled and that an overall title is given to the chart. Additionally, have the graph display the "r-value" and the correct equation.
b) Determine the type of correlation present in this data.
c) Decide whether this data fits a linear or exponential model better, providing reasoning for your choice.
d) Predict the transportation budget for the year 2020 based on the data.
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