The table in the following figure shows the population of Los Angeles over the years 1930-1990. The accompanying graph shows the corresponding scatter plot and regression line. The equation of the regression line is f(x) = 37,546.068x – 71,238,863.429. y (population) 4 × 10º- 3x 10° Population of Los Angeles Year 2x 10°+ 1930 1,238,048 1,504,277 1,970,358 2,479,015 2,816,061 2,966,850 3,485,398 1940 1950 1 x 10º- 1960 1970 1980 1990 1980 1990 (year) 2000 (a) Use the regression line to compute an estimate for what the population of Los Angeles might have been in 2000. (Round your answer to the nearest thousand.) Compute the percentage error in the estimate, given that the actual figure for 2000 is 3.823 million. (Round your answer to one decimal place.) % (b) Find f-'(x). F(x) = (c) Use your answer in part (b) to estimate the year in which the population of Los Angeles might reach 4.1 million. Hint: For the function f, the inputs are years and the outputs are populations; for f-1, the inputs are populations and the outputs are years. (Round your answer to the nearest year.) 1930 1940 1950 1960 1970
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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