The accompanying table shows the number of millionaires (in thousands) and the population (in hundreds of thousands) for 10 states. Complete parts a through e State Millionaires Population 1 86 34 2 17 9 3 23 13 4 139 63 5 26 12 6 206 88 7 370 193 8 229 125 9 20 11 10 10 5 1. Find the value of the slope and explain what it means in context. Be careful with the units. The slope is ______? This slope indicates that for every increase of one hundred thousand in population, the number of millionaires will increase, on average, by ______thousand.
The accompanying table shows the number of millionaires (in thousands) and the population (in hundreds of thousands) for 10 states. Complete parts a through e State Millionaires Population 1 86 34 2 17 9 3 23 13 4 139 63 5 26 12 6 206 88 7 370 193 8 229 125 9 20 11 10 10 5 1. Find the value of the slope and explain what it means in context. Be careful with the units. The slope is ______? This slope indicates that for every increase of one hundred thousand in population, the number of millionaires will increase, on average, by ______thousand.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
The accompanying table shows the number of millionaires (in thousands) and the population (in hundreds of thousands) for 10 states. Complete parts a through e
State
|
Millionaires
|
Population
|
|
|||
---|---|---|---|---|---|---|
1
|
|
86
|
|
34
|
|
|
2
|
|
17
|
|
9
|
|
|
3
|
|
23
|
|
13
|
|
|
4
|
|
139
|
|
63
|
|
|
5
|
|
26
|
|
12
|
|
|
6
|
|
206
|
|
88
|
|
|
7
|
|
370
|
|
193
|
|
|
8
|
|
229
|
|
125
|
|
|
9
|
|
20
|
|
11
|
|
|
10
|
|
10
|
|
5
|
1. Find the value of the slope and explain what it means in context. Be careful with the units. The slope is ______?
This slope indicates that for every increase of one hundred thousand in population, the number of millionaires will increase, on average, by ______thousand.
(Round to four decimal places as needed.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman