The poverty level for a family of four, two parents with two children under 18, for selected years from 1990o is shown in the following table. Poverty Threshold for a Family of Four Year 1990 1997 2000 2005 Threshold $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 represen the 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 the nearest year.) The threshold level is estimated to reach $27,000 in the year 2016

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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The poverty level for a family of four, two parents with two children under 18, for selected years from 1990 is shown in the following
table.
Poverty Threshold
for a Family of Four
Year
1990
1997
2000
2005
Threshold
$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 represent
the 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 the
nearest year.)
The threshold level is estimated to reach $27,000 in the year 2016
Transcribed Image Text:The poverty level for a family of four, two parents with two children under 18, for selected years from 1990 is shown in the following table. Poverty Threshold for a Family of Four Year 1990 1997 2000 2005 Threshold $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 represent the 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 the nearest year.) The threshold level is estimated to reach $27,000 in the year 2016
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