There has been much publicity about bonuses paid to financial sector workers. Just how large are these bonuses? The accompanying data table contains the bonuses paid (in thousands of dollars) from 2000 to 2016. Assign the coded value 0 to the first year, the coded value 1 to the second year, and so on. Complete parts (a) through (c) below. Click the icon to view the data table. a. Plot the data Choose the correct graph below. OA 300 240- 180- 60 612 16 Coded Your 300 240 180 120 OA 648 12 16 Coded Year 300 240 120 Q 12 16 G Coded Year Q Q C OB. 300 240- 180- 120- Q Q 60. of b. Compute a linear trend forecasting equation and plot the results. Note that X, represents the ith coded year and Ŷ, represents the ith predicted value of the bonus in thousands of dollars. --x (Round the coefficient of X, to two decimal places as needed. Round all other values to one decimal place as needed.) Plot the regression line on the plot from part (a). Choose the correct graph below. OA OB. 64412 Coded Yea 300 240 180 120 60 OB. of 646 12 16 Coded Year 300 240- 180- 120 6045 of Q Q 648 12 16 Coded Year CIEN Q Q OC. G 300 240- 8180- Bonus (1000) 120- c. Compute a quadratic trend forecasting equation and plot the results. Note that X, represents the ith coded year and , represents the ith predicted value of the bonus in thousands of dollars. -0.0x.0x² (Round the coefficient of X, to two decimal places as needed. Round the coefficient of X to three decimal places as needed. Round all other values to one decimal place as needed.) Plot the regression equation on the plot from part (a). Choose the correct graph below. 804 C. 646 12 14 Coded Year 300- 240 21804 OC. - *** 240- 180- 120 60- 461216 Codec Year C Codec Yea Q Q Q a OD. Bonus (1000) 240- 180- 60- OD. 300- 240 2180- 00 Coded Year 461216 Coded Yea OD. 300- 240 4 180- 120 Coded Year Q Q Q
There has been much publicity about bonuses paid to financial sector workers. Just how large are these bonuses? The accompanying data table contains the bonuses paid (in thousands of dollars) from 2000 to 2016. Assign the coded value 0 to the first year, the coded value 1 to the second year, and so on. Complete parts (a) through (c) below. Click the icon to view the data table. a. Plot the data Choose the correct graph below. OA 300 240- 180- 60 612 16 Coded Your 300 240 180 120 OA 648 12 16 Coded Year 300 240 120 Q 12 16 G Coded Year Q Q C OB. 300 240- 180- 120- Q Q 60. of b. Compute a linear trend forecasting equation and plot the results. Note that X, represents the ith coded year and Ŷ, represents the ith predicted value of the bonus in thousands of dollars. --x (Round the coefficient of X, to two decimal places as needed. Round all other values to one decimal place as needed.) Plot the regression line on the plot from part (a). Choose the correct graph below. OA OB. 64412 Coded Yea 300 240 180 120 60 OB. of 646 12 16 Coded Year 300 240- 180- 120 6045 of Q Q 648 12 16 Coded Year CIEN Q Q OC. G 300 240- 8180- Bonus (1000) 120- c. Compute a quadratic trend forecasting equation and plot the results. Note that X, represents the ith coded year and , represents the ith predicted value of the bonus in thousands of dollars. -0.0x.0x² (Round the coefficient of X, to two decimal places as needed. Round the coefficient of X to three decimal places as needed. Round all other values to one decimal place as needed.) Plot the regression equation on the plot from part (a). Choose the correct graph below. 804 C. 646 12 14 Coded Year 300- 240 21804 OC. - *** 240- 180- 120 60- 461216 Codec Year C Codec Yea Q Q Q a OD. Bonus (1000) 240- 180- 60- OD. 300- 240 2180- 00 Coded Year 461216 Coded Yea OD. 300- 240 4 180- 120 Coded Year Q Q Q
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:There has been much publicity about bonuses paid to financial sector workers. Just how large are these bonuses? The accompanying data table contains the bonuses paid (in thousands of dollars) from 2000 to 2016. Assign the coded value 0 to the first year, the coded value 1 to the second year, and so on. Complete
parts (a) through (c) below.
Click the icon to view the data table.
a. Plot the data.
Choose the correct graph below.
OA.
300-
240-
180-
120-1
60-
OA A.
04 8 12 16
Coded Year
240
180
120-
60+
OA
A.
048 12 16
Coded Year
300-
240
Q
180-
120-
48 12 16
Coded Year
Q
Q
OB.
b. Compute a linear trend forecasting equation and plot the results. Note that X, represents the ith coded year and Ỹ, represents the ith predicted value of the bonus in thousands of dollars.
2₁-+*
(Round the coefficient of X, to two decimal places as needed. Round all other values to one decimal place as needed.)
Plot the regression line on the plot from part (a). Choose the correct graph below.
300
240-
180-
1804
120-
60
Q
OB.
04 8 12 16
Coded Year
300-
240-
8180-
120-
60-
OB.
04 8 12 16
Coded Year
300-
240-
Q
180-
120-
604
64 8 12 16
Coded Year
Q
Q
Q
O C.
Q
300
240-
c. Compute a quadratic trend forecasting equation and plot the results. Note that X, represents the ith coded year and Ỹ, represents the ith predicted value of the bonus in thousands of dollars.
=+Ox+x²
(Round the coefficient of X, to two decimal places as needed. Round the coefficient of X to three decimal places as needed. Round all other values to one decimal place as needed.)
Plot the regression equation on the plot from part (a). Choose the correct graph below.
✔
180-
120-
604
O C.
0-
of
648 12 16
Coded Year
300-
240
180-
120-
60-å.
O C.
300-
240
12 16
180-
120-
60-
Coded Year
Q
Q
L
648 12 16
Coded Year
Q
Q
G
Q
L
O D.
O
300-
240-
180-
120-
60-
D.
300-
240
180-
120-
60-
OD.
0 48 12 36
16
Coded Year
300
240-
180-
120
48 12 16
Coded Year
ºf 48 12 16
Coded Year
Transcribed Image Text:Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Bonus ($000)
104.1
72
62.5
94.9
117.4
151.2
192
177.2
97.5
134.3
137
105.8
148
175
156.8
136.5
134.1
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