Let n be the number of oil refinaries at t years since 2004. A reasonable mode of the number of oil refineries is n=-3.43t+154.08. A.what is the slope? What does it mean in this situation?B. What is the n-intercept? What does it mean in this situation? C.Predict the number of refineries in 2013.
Let n be the number of oil refinaries at t years since 2004. A reasonable mode of the number of oil refineries is n=-3.43t+154.08. A.what is the slope? What does it mean in this situation?B. What is the n-intercept? What does it mean in this situation? C.Predict the number of refineries in 2013.
Let n be the number of oil refinaries at t years since 2004. A reasonable mode of the number of oil refineries is n=-3.43t+154.08. A.what is the slope? What does it mean in this situation?B. What is the n-intercept? What does it mean in this situation? C.Predict the number of refineries in 2013.
Let n be the number of oil refinaries at t years since 2004. A reasonable mode of the number of oil refineries is n=-3.43t+154.08. A.what is the slope? What does it mean in this situation?B. What is the n-intercept? What does it mean in this situation? C.Predict the number of refineries in 2013.
Definition Definition Measure of central tendency that is the value that occurs most frequently in a data set. A data set may have more than one mode if multiple categories repeat an equal number of times. For example, in a data set with five item—3, 5, 5, 29, 473—the mode is 5 because it occurs twice and no other value occurs more than once. On a histogram or bar chart, the element with the highest bar represents the mode. Therefore, the mode is sometimes considered the most popular option. The mode is useful for nominal or categorical data (e.g., the most common color car that users purchase), but it is problematic for continuous data because it is more likely not to have any value that is more frequent than the other.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
