The median home value in New Mexico and North Carolina (adjusted for inflation) are shown below.Year New Mexico North Carolina195020003450010810029700108300If we assume that the house values are changing linearly,a) In which state have home values increased at a higher rate? North Carolinab) If these trends were to continue, what would be the median home value in New Mexico in 2010?$ 122,820c) If we assume the linear trend existed before 1950 and continues after 2000, the two states' median housevalues will be (or were) equal in what year? (The answer might be absurd)The year

The median home value of two states is given below:Year (t)New Maxico (y)North Carolina…

Answered: The median home value in New Mexico and…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Please help with the corrected answers in details: The following time series shows the sales of a particular product over the past 12 months. Month Sales 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 12 110 What type of pattern exists in the data? The data appear to follow a trend pattern. The data appear to follow a horizontal pattern. The data appear to follow a cyclical pattern.The data appear to follow a seasonal pattern. (b) Use ? = 0.2 to compute the exponential smoothing values for the time series. (Round your answers to two decimal places.) Month t Time Series Value Yt Forecast Ft 1 105 2 135 3 120 4 105 5 90 6 120 7 145 8 140 9 100 10 80 11 100 12 110 (c) Use a smoothing constant of ? = 0.4 to compute the exponential smoothing forecasts. (Round your answers to two decimal places.) Month t Time Series Value Yt Forecast Ft 1 105 2 135…
Only need b and c please
U.S. Civilian Labor Force (thousands) Year Labor Force Year Labor Force 2007 153,918 2012 155,628 2008 154,655 2013 155,151 2009 153,111 2014 156,238 2010 153,650 2015 157,957 2011 153,995 2016 159,640 1. Fit three trend models: linear, exponential, and quadratic. Which model would offer the most believable forecasts? 2. Make forecasts using the following fitted trend models for years 2017-2019. t Exponential 11 12 13
The following graph shows the average grade point average for a particular college from 2004 until 2011. Average GPA 3.20 OA OC OD 3.15 3.10 3.05 3.00 2.95 2.90 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year Which one of the following statements is correct? A) Historically, the Average GPA of the college tends to decrease. B) There appears to be no relationship between Year and Average GPA. C) Year is the dependent variable in the graph. D) Average GPA is the dependent variable in the graph.
1. Referring to Scenario 13-11, which of the following is the correct interpretation for the slope coefficient?a) For each decrease of 1 thousand downloads, the expected revenue is estimated to increase by $ 3.7297 thousands.b) For each increase of 1 thousand downloads, the expected revenue is estimated to increase by $ 3.7297 thousands.c) For each decrease of 1 thousand dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.d) For each increase of 1 thousand dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.
Referring to Scenario 13-11, which of the following is the correct interpretation for the slope coefficient?a) For each decrease of 1 thousand downloads, the expected revenue is estimated to increase by $3.7297 thousands.b) For each increase of 1 thousand downloads, the expected revenue is estimated to increase by $3.7297 thousands.c) For each decrease of 1 thousand dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.d) For each increase of 1 thousand dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.
The median home value in lowa and Connecticut (adjusted for inflation) are shown below. Year lowa Connecticut 1950 38300 71900 2000 82500 166900 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? Select an answer b) If these trends were to continue, what would be the median home value in lowa in 2010? c) If we assume the linear trend existed before 1950 and continues after 2000, the two states' median house values will be (or were) equal in what year? (The answer might be absurd) The year %i4

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