Your Turn: The Gas Guzzler Tax is imposed on manufacturers on the sale of new-model cars(not minivans, sport utility vehicles, or pickup trucks) whose fuel economy fails to meet certainstatutory regulations, to discourage the production of fuel-inefficient vehicles. The tax is collectedby the IRS and paid by the manufacturer. The table (top right) shows the amount of tax that themanufacturer must pay for a vehicle's miles per gallon fuel efficiency.12.5 13.5MPG (M)14.5 15.5 16.5 17.5 18.5 19.5 20.5 21.5 22.5Tax per Car (T) $6400 $5400 $4500 $3700 $3300 $2600 $2100 $1700 $1300 $1000$01. Plot the data, verify that they are roughly linear, and add a line of best fit.Line of Best Fit:2. Identify and interpret the meaning of the slope and the vertical intercept.3. Predict the tax for a car which gets 20 MPG. Is this interpolation or extrapolation?4. Predict the tax for a car which gets 10 MPG. Is this interpolation or extrapolation?5. Predict the tax for a car which gets 30 MPG. Why doesn't this make sense?

We have, MPG (M)12.513.514.515.516.517.518.519.520.521.522.5Tax per car (T)…

Answered: Your Turn: The Gas Guzzler Tax is…

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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House prices: The following table presents prices, in thousands of dollars, of single-family homes for 20 of the 25 largest metropolitan areas in the United States for the third quarter of 2012 and the third quarter of 2013 (information for Detroit was unavailable), Metro Area 2012 2013 Metro Area 2012 2013 Atlanta, GA 878 115.1 Philadelphia, PA 193.5 197 7 Baltimore, MD 218.1 226.5 Phoenix, AZ 129,9 169.0 Boston, MA 311.5 332.2 Portland, OR 208.6 246.5 Chicago, IL 157.2 159.4 Riverside, CA 174.3 216.7 Cincinnati, OH 112.5 121.0 St. Louis, MO 103.7 111.0 Houston, TX 152.1 163.7 San Diego, CA 359.5 412.3 Los Angeles, CA 122.1 155.1 San Francisco, CA 448.0 593.9 Miami, FL 182.0 219.9 Seattle, WA 265.4 312.6 Minneapolis, MN 147.3 170.6 Tampa, FL 131.9 141.8 New York, NY 363.8 368.2 Washington, DC 311.6 348.7 Source: National Realtors Association Send data to Excel (a) Find the mean and median price for 2012. Round the answers to at least two decimal places. (b) Find the mean and median…
Please assist and answer on questions D, E, F, G, H, and I on this problem. Thank you.
An insurance company offers four different deductible levels-none, low, medium, and high-for its homeowner's policyholders and three different levels-low, medium, and high-for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is 0.05 (5% of all such individuals). Auto L M H Homeowner's N L M H 0.04 0.05 0.05 0.02 0.07 0.12 0.20 0.10 0.02 0.03 0.15 0.15 Suppose an individual having both types of policies is randomly selected. (a) What is the probability that the individual has a medium auto deductible and a high homeowner's deductible? (b) What is the probability that the individual has a low auto deductible? A low homeowner's deductible? auto deductible homeowner's deductible (c) What is the probability that the individual is in the same category for both auto and homeowner's…
The method that is used to calculate employees pay according to different levels of production is: a. Differential pay b. Straight commission c. Variable commission d. Straight piece rate
. In 2010, of a total of 67,000 rooms on the Las Vegas Strip, Caesars Entertainment managed 22,880, while MGM Resorts managed over 12,000. However, owing to the Great Recession and new hotel openings, between 2008 and 2010, MGM's hotel occupancy decreased from 92% to 89%, while its average daily room rate fell from $148 to $108. Meanwhile, CityCenter, managed by MGM Resorts, and the Cosmopolitan opened with 4,000 and 3,000 rooms respectively, and the 1,720-room Sahara closed. (Sources: Caesars Entertainment Corp., Annual Report 2010; MGM Resorts, Annual Report 2010; "Sahara's closure on May 16 will mark `the end of an era'," Las Vegas Sun, March 11, 2011.) (a) Using a suitable figure, explain how the opening of CityCenter and the Cosmopolitan affects the residual demand for an existing hotel and how it should adjust prices. (b) If MGM Resorts had not reduced its room rates, what would have been the effect on occupancy? (c) Use the Cournot model to explain…
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An analyst in the real estate business is interested in the relationship between the cost of the monthly rent of an apartment and the size of an apartment, in big cities. She gathers data for apartment buildings in 12 cities in 12 different states. In each city, she gets the numbers for at least 5 different buildings and at least 40 apartments in each building. She reaches the following conclusion: the rental cost of a 2-bedroom apartment is 50% more than the rental cost of a 1-bedroom apartment, and the rental cost of a 3-bedroom apartment is 50% more than the rental cost of a 2-bedroom apartment. Based on the paragraph, what is the minimum number of apartments she collected data on? Do you think her sample was large enough to be statistically valid? Based on the paragraph, are there any apartments or apartment buildings that she would have excluded from her study? Do you see any bias in how she selected apartments for her study? Based on the paragraph, is there a positive…
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In 1993 the average expenditure of the employees on food and other items was as follows : In Cuttack In Bhubaneswar (i) Food 60% (ii) Other items 40% 50% 50% In 1998, the cost of living index was 279 for Cuttack and 265 for Bhubaneswar with 1993 as the base. The rise in price of all the items used by the employeees was known to be the same for both the towns. Determine the 1998 index for (i) food and (ii) other items.

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