Answered: Tell me the growth factor, relative…

Tell me the growth factor, relative change, and percent of growth or decay (indicate which) for each of the below equations. a) y = 20(1.02)^x b) y= 55(1.8)^x c) y= 103(0.87)^x

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter6: Vector Spaces

Section6.7: Applications

Problem 14EQ

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Question

#1. Tell me the growth factor, relative change, and percent of growth or decay (indicate which) for each of the below equations. a) y = 20(1.02)^x b) y= 55(1.8)^x c) y= 103(0.87)^x d) y= 3(0.02)^x #2. My equation of best fit is y = 56(1.07)^x The corresponding correlation coefficient is 0.35. What does this correlation coefficient tell me about the fit of my equation? #3 Tell me about the "Crossover Point". (on a graph)What do you plan to do to make this sooner rather than later in your life? (in general)

Definition Definition Statistical measure used to assess the strength and direction of relationships between two variables. Correlation coefficients range between -1 and 1. A coefficient value of 0 indicates that there is no relationship between the variables, whereas a -1 or 1 indicates that there is a perfect negative or positive correlation.

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