The poverty level for a family of four, two parents with two children under 18, for selected years from 1990 is shown in the followingtable.Poverty Thresholdfor a Family of FourYear1990199720002005Threshold$14,300$15,400$18,800$20,150(a) Find the least squares linear regression function for threshold level as a function of years since 1990. (Let x = 0 representthe year 1990. Round your coefficients to one decimal place.)y =(b) Use the linear function to estimate when the poverty threshold level will reach $27,000. (Round your answer down to thenearest year.)The threshold level is estimated to reach $27,000 in the year 2016

(a) Let x=0 represents the year 1990, rewrite the given table as shown below, Year 0 7 10 15…

Answered: The poverty level for a family of four,…

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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Use the scatterplot of Vehicle Registrations below to answer the questions Vehicle Registrations in the United States, 1925- 2011 Vehicles millions 300 y = 3.0161x - 5819.5 R? = 0.9695 250 200 150 100 50 1920 -50 1940 1960 1980 2000 2020 Year Write a sentence explaining the value of the slope for this regression line. For every increase in year, the number of vehicle registrations in the US increases by 3.0161 million. For every increase in year, the number of vehicle registrations in the US increases by 5819.5. For every increase in vehicle registrations in the US, the number of years increases by 5819.5. For every increase in vehicle registrations in the US, the number of years increases by 3.0161 million. Registrations (in millions)
O 599.1 O 616.6 O 602.7 596.4
Is It Getting Harder to Win a Hot Dog Eating Contest?Every Fourth of July, Nathan’s Famous in New York City holds a hot dog eating contest. The table below shows the winning number of hot dogs and buns eaten every year from 2002 to 2015, and the data are also available in HotDogs. The figure below shows the scatterplot with the regression line. Year Hot Dogs 2015 62 2014 61 2013 69 2012 68 2011 62 2010 54 2009 68 2008 59 2007 66 2006 54 2005 49 2004 54 2003 45 2002 50 Winning number of hot dogs in the hot dog eating contest Winning number of hot dogs and buns Click here for the dataset associated with this question. (a) Is the trend in the data mostly positive or negative? Positive Negative (b) Using the figure provided, is the residual larger in 2007 or 2008?Choose the answer from the menu in accordance to item (b) of the question statement 20072008 Is the residual positive or…
The table shows the national expenditures for health care in billions, in a country for the selected years from 1990 to 2020. Given the projection cost for the year 2002, identify the type of regression point. Year Exprenditures ($billions) 1991 1020 1994 1356 1998 1984 2004 2984 2009 3374 2016 4765 2020 5937 Interpolation Extrapolation Neither Both
Compute the least-squares regression equation for the given data set. Use a TI-84 calculator. Round the slope and y-intercept to at least four decimal places. 43 37 15 19 24 37 18 y 72 67 25 29 42 65 32 Send data to Excel Regression line equation: y = 1.7777x + 1.5838
Report the equation of the regression line and interpret it in the context of the problem
Draw a graph of the least-squares regression line on your scatterplot. (For hand-drawing, round the slope and y-intercept to one decimal place before drawing the line.) Be sure to show how you were able to plot the line starting with its equation. Model City Miles per Gallon Highway Miles per Gallon Acura RLX 20 29 BMW 530i 24 34 Buick LaCrosse eAssist 25 35 Chevrolet Malibu 29 36 Ford Hybrid FWD 43 41 Honda Civic 32 42 Infiniti Q50 Red Sport 20 26 Kia Forte 30 40 Lexus ES 350 22 33 Mercedes Benz AMG S 21 30 Mini Cooper Clubman 24 32 Nissan Maxima 20 30 Suburu Legacy AWD 25 34 Toyota Prius ECO 58 53
The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The following data represents the value in 2014 (in $millions) and the annual revenue (in $millions) for the 30 Major League Baseball franchises. Suppose you want to develop a simple linear regression model to predict franchise value based on annual revenue generated. Team Revenue Value Baltimore 245 1000 Boston 370 2100 Chicago White Sox 227 975 Cleveland 207 825 Detroit 254 1125 Houston 175 800 Kansas City 231 700 Los Angeles Angels 304 1300 Minnesota 223 895 New York Yankees 508 3200 Oakland 202 725 Seattle 250 1100 Tampa Bay 188 625 Texas 266 1220 Toronto 226 870 Arizona 211 840 Atlanta 267 1150 Chicago Cubs 302 1800 Cincinnati 227 885 Colorado…
The following table gives estimates of the percent of a certain country's population below the poverty level for 1998–2008. Year Percent 1998 12.8 2000 11.2 2002 12.1 2004 12.7 2006 12.9 2008 13.2 Find the least squares line that relates years to percent below the poverty level. (Let x = 0 represent the year 1998. Enter a mathematical expression.
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he table shows the minimum wage rates for the United States during different years. Year 1978 1979 1980 1990 1991 1996 1997 2007 2008 2009 Minimum hourly wage ($) 2.65 2.90 3.35 3.80 4.25 4.75 5.15 5.85 6.55 7.25 Write the least squares regression equation that models the data. Let x = time in years since 1900 and let y = minimum hourly wage. Use the equation to estimate the minimum hourly wage of a U.S. worker in 2025. Show your work. Answer:

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