9. An analysis of 8 used trucks listed for sale in the 48076 zip code finds that the power model In(price) = 3.748 – 0.1395ln(miles), for price (in thousands of dollars) and miles driven (in thousands), is an appropriate model of the relationship. If a used truck has been driven for 47,000 miles, which of the following is closest to the predicted price for the truck?

9. An analysis of 8 used trucks listed for sale in the 48076 zip code finds that the power model In(price) = 3.748 – 0.1395ln(miles), for price (in thousands of dollars) and miles driven (in thousands), is an appropriate model of the relationship. If a used truck has been driven for 47,000 miles, which of the following is closest to the predicted price for the truck?

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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It is thought that prehistoric Indians did not take their best tools, pottery, and household items when they visited higher elevations for their summer camps. It is hypothesized that archaeological sites tend to lose their cultural identity and specific cultural affiliation as the elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological site in the southwestern United States. Let y be the percentage of unidentified artifacts (no specific cultural affiliation) at a given elevation. Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: x 5.75 6.75 7.75 8.50 9.25 y 27 16 46 62 95 What percentage of the variation in y cannot be explained by the corresponding variation in x and the least-squares line? Round your answer to the nearest tenth of a percent. 3.4% 18.4% 81.6% 9.7%
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