It appears that over the past 50 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture show five-year interval data for U.S. farms. Use these data to develop the equation of a regression line to predict the average size of a farm (y) by the number of farms (x). Discuss the slope and y-intercept of the modėl.

MATLAB: An Introduction with Applications
6th Edition
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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It appears that over the past 50 years, the number
of farms in the United States declined while the
average size of farms increased. The following
data provided by the U.S. Department of
Agriculture show five-year interval data for U.S.
farms. Use these data to develop the equation of a
regression line to predict the average size of a
farm (y) by the number of farms (x). Discuss the
slope and y-intercept of the modèl.
Year Number of Farms (millions) Average Size
(acres)
1960 5.70 216
1965 4.69 261
1970 3.97 298
1975 3.38 343
1980 2.90 379
1985 2.51 421
1990 2.46 427
1995 2.26 444
2000 2.15 463
2005 2.06 466
2010 2.17 432
2015 2.10 445
Transcribed Image Text:It appears that over the past 50 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture show five-year interval data for U.S. farms. Use these data to develop the equation of a regression line to predict the average size of a farm (y) by the number of farms (x). Discuss the slope and y-intercept of the modèl. Year Number of Farms (millions) Average Size (acres) 1960 5.70 216 1965 4.69 261 1970 3.97 298 1975 3.38 343 1980 2.90 379 1985 2.51 421 1990 2.46 427 1995 2.26 444 2000 2.15 463 2005 2.06 466 2010 2.17 432 2015 2.10 445
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