Finite Mathematics (11th Edition)
Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
bartleby

Concept explainers

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 p…
bartleby

Videos

Textbook Question
Book Icon
Chapter 1, Problem 58RE

Social Security The average monthly Social Security payments (in 2012 dollars) to Old-Age, Survivors, and Disability Insurance (OASDI) recipients tor selected years are given in the following table. Source: Social Security Administration.

Year Average Year Average
1940 293 1980 819
1945 231 1985 907
1950 341 1990 954
1955 434 1995 980
1960 479 2000 1027
1965 518 2005 1084
1970 581 2010 1136
1975 746 2012 1153

(a) Find an equation for the least squares line, letting x equal the number of years since 1900.

(b) Use your result from part (a) to predict the average OASDI payment in 2015.

(c) Plot the data, along with the least squares line. Do the data points lie in a linear pattern?

(d) Find and interpret the correlation coefficient.

Expert Solution & Answer
Check Mark

Want to see the full answer?

Check out a sample textbook solution
Blurred answer
Previous
Chapter 1, Problem 57RE
Next
Chapter 1, Problem 59RE
Students have asked these similar questions
Strick handwritten solutions need
Only human experts solved it. No ai solutions need okk
Only 100% sure experts solve it correct complete solutions need to get full marks it's my quiz okkkk.take your time but solve full accurate okkk Geometry expert solve it

Chapter 1 Solutions

Finite Mathematics (11th Edition)

Ch. 1.1 - Find the slope of each line. Through (4,5) and...Ch. 1.1 - Find the slope of each line. Through (5,-4) and...Ch. 1.1 - Find the slope of each line. Through (8,4) and (8,...Ch. 1.1 - Find the slope of each line. Through (1,5) and...Ch. 1.1 - Find the slope of each line. y = xCh. 1.1 - Find the slope of each line. y = 3x - 2Ch. 1.1 - Find the slope of each line. 5x - 9y = 11Ch. 1.1 - Find the slope of each line. 4x + 7y = 1Ch. 1.1 - Find the slope of each line. 9. x = 5Ch. 1.1 - Find the slope of each line. The x-axis
Ch. 1.1 - Find the slope of each line. y = 8Ch. 1.1 - Find the slope of each line. y = -6Ch. 1.1 - Find the slope of each line. A line parallel to 6x...Ch. 1.1 - Find the slope of each line. A line perpendicular...Ch. 1.1 - In Exercises 24, find an equation in...Ch. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - Prob. 17ECh. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - Prob. 19ECh. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - In Exercises 15-24, find an equation in...Ch. 1.1 - Prob. 22ECh. 1.1 - Prob. 23ECh. 1.1 - In Exercises 15- find an equation in...Ch. 1.1 - In Exercises 34, find an equation for each line in...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - Prob. 27ECh. 1.1 - Prob. 28ECh. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - In Exercises 25-34, find an equation for each line...Ch. 1.1 - Prob. 33ECh. 1.1 - Prob. 34ECh. 1.1 - Do the points (4,3), (2,0), and (-18,-12) lie on...Ch. 1.1 - Find k so that the line through (4, -1) and (k, 2)...Ch. 1.1 - Prob. 37ECh. 1.1 - Use slopes to show that the square with vertices...Ch. 1.1 - For the lines in Exercises and 40, which of the...Ch. 1.1 - Prob. 40ECh. 1.1 - Prob. 41ECh. 1.1 - In Exercises 41 and estimate the slope of the...Ch. 1.1 - Prob. 43ECh. 1.1 - Prob. 44ECh. 1.1 - Prob. 45ECh. 1.1 - Prob. 46ECh. 1.1 - Prob. 47ECh. 1.1 - Prob. 48ECh. 1.1 - Graph each equation. 2x - 3y = 12Ch. 1.1 - Prob. 50ECh. 1.1 - Prob. 51ECh. 1.1 - Prob. 52ECh. 1.1 - Prob. 53ECh. 1.1 - Prob. 54ECh. 1.1 - Prob. 55ECh. 1.1 - Graph each equation. y +8 = 0Ch. 1.1 - Prob. 57ECh. 1.1 - Prob. 58ECh. 1.1 - Prob. 59ECh. 1.1 - Graph each equation. 3x - 5y = 0Ch. 1.1 - Business and Economics Sales The sales of a small...Ch. 1.1 - Cost The total cost for a bakery to produce 100...Ch. 1.1 - Tuition The table lists the annual cost (in...Ch. 1.1 - Use of Cellular Telephones The following table...Ch. 1.1 - Consumer Price Index The Consumer Price Index...Ch. 1.1 - Life Sciences HIV Infection The time interval...Ch. 1.1 - Exercise Heart Rate To achieve the maximum benefit...Ch. 1.1 - Prob. 68ECh. 1.1 - Prob. 69ECh. 1.1 - Social Sciences Child Mortality Rate The mortality...Ch. 1.1 - Immigration In 1950, there were 249.187 immigrants...Ch. 1.1 - Marriage The following Table lists the U.S. median...Ch. 1.1 - Prob. 73ECh. 1.1 - Prob. 74ECh. 1.1 - Prob. 75ECh. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - /em>x and g(x)...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - Prob. 8ECh. 1.2 - For Exercises 1-10, let f(x) = 7 - 5x and g(x) =...Ch. 1.2 - Prob. 10ECh. 1.2 - In Exercises 14, decide whether the statement is...Ch. 1.2 - Prob. 12ECh. 1.2 - Prob. 13ECh. 1.2 - Prob. 14ECh. 1.2 - Prob. 15ECh. 1.2 - Prob. 16ECh. 1.2 - Prob. 17ECh. 1.2 - Prob. 18ECh. 1.2 - Prob. 19ECh. 1.2 - Prob. 20ECh. 1.2 - Prob. 21ECh. 1.2 - Prob. 22ECh. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Business and Economics Supply and Demand Suppose...Ch. 1.2 - Prob. 28ECh. 1.2 - Supply and Demand Let the supply and demand...Ch. 1.2 - Prob. 30ECh. 1.2 - Prob. 31ECh. 1.2 - Prob. 32ECh. 1.2 - Break-Even Analysis Producing x units of tacos...Ch. 1.2 - Break-Even Analysis To produce x units of a...Ch. 1.2 - T-Shirt Cost Joanne Wendelken sells silk-screened...Ch. 1.2 - Prob. 36ECh. 1.2 - Marginal Cost of Coffee The manager of a...Ch. 1.2 - Marginal Cost of a New Plant In deciding whether...Ch. 1.2 - Prob. 39ECh. 1.2 - Prob. 40ECh. 1.2 - Prob. 41ECh. 1.2 - Prob. 42ECh. 1.2 - Prob. 43ECh. 1.2 - Prob. 44ECh. 1.2 - Prob. 45ECh. 1.2 - Prob. 46ECh. 1.2 - Prob. 47ECh. 1.2 - Prob. 48ECh. 1.2 - Temperature Find the temperature at which the...Ch. 1.2 - General Interest Education Cost A recent budget...Ch. 1.3 - Suppose a positive linear correlation is found...Ch. 1.3 - Given a set of points, the least squares line...Ch. 1.3 - Prob. 3ECh. 1.3 - Prob. 4ECh. 1.3 - The following problem is reprinted from the...Ch. 1.3 - The following problem is reprinted from the...Ch. 1.3 - Prob. 7ECh. 1.3 - Prob. 8ECh. 1.3 - The following problem is reprinted from the...Ch. 1.3 - Business and Economics Consumer Durable Goods The...Ch. 1.3 - Prob. 11ECh. 1.3 - Internet The percent of households with Internet...Ch. 1.3 - Landlines The percent of U.S. households with...Ch. 1.3 - Consumer Credit The total amount of consumer...Ch. 1.3 - Prob. 15ECh. 1.3 - Air Fares Using Expedia, a discount travel...Ch. 1.3 - Prob. 17ECh. 1.3 - Prob. 18ECh. 1.3 - Prob. 19ECh. 1.3 - Social Sciences Pupil-Teacher Ratios The following...Ch. 1.3 - Prob. 21ECh. 1.3 - Ideal Partner Height In an introductory statistics...Ch. 1.3 - Prob. 23ECh. 1.3 - Physical Sciences Length of a Pendulum Grandfather...Ch. 1.3 - Prob. 25ECh. 1.3 - General Interest Football The following data give...Ch. 1.3 - Prob. 27ECh. 1.3 - Prob. 28ECh. 1.3 - Running If you think a marathon is a long race,...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - The following table gives the life expectancy at...Ch. 1 - Prob. 6EACh. 1 - Now look at the residuals as a fresh data set, and...Ch. 1 - Prob. 8EACh. 1 - Prob. 9EACh. 1 - Determine whether each statement is true or false,...Ch. 1 - Prob. 2RECh. 1 - Prob. 3RECh. 1 - Prob. 4RECh. 1 - Prob. 5RECh. 1 - Prob. 6RECh. 1 - Prob. 7RECh. 1 - Prob. 8RECh. 1 - Prob. 9RECh. 1 - Prob. 10RECh. 1 - Prob. 11RECh. 1 - Prob. 12RECh. 1 - PRACTICE AND EXPLORATIONS What is marginal cost?...Ch. 1 - Prob. 14RECh. 1 - Prob. 15RECh. 1 - Prob. 16RECh. 1 - Prob. 17RECh. 1 - Prob. 18RECh. 1 - Prob. 19RECh. 1 - Prob. 20RECh. 1 - Prob. 21RECh. 1 - Prob. 22RECh. 1 - Prob. 23RECh. 1 - Prob. 24RECh. 1 - Prob. 25RECh. 1 - Prob. 26RECh. 1 - Prob. 27RECh. 1 - Prob. 28RECh. 1 - Prob. 29RECh. 1 - Prob. 30RECh. 1 - Prob. 31RECh. 1 - Prob. 32RECh. 1 - Prob. 33RECh. 1 - Prob. 34RECh. 1 - Prob. 35RECh. 1 - Prob. 36RECh. 1 - Prob. 37RECh. 1 - Prob. 38RECh. 1 - Prob. 39RECh. 1 - Prob. 40RECh. 1 - Prob. 41RECh. 1 - Prob. 42RECh. 1 - Prob. 43RECh. 1 - Prob. 44RECh. 1 - Prob. 45RECh. 1 - Prob. 46RECh. 1 - Prob. 47RECh. 1 - Prob. 48RECh. 1 - Supply and Demand A company is manufacturing a new...Ch. 1 - Prob. 50RECh. 1 - Cost In Exercises 50-53, find a linear cost...Ch. 1 - Prob. 52RECh. 1 - Prob. 53RECh. 1 - Prob. 54RECh. 1 - Prob. 55RECh. 1 - Prob. 56RECh. 1 - Prob. 57RECh. 1 - Social Security The average monthly Social...Ch. 1 - Meat Consumption The U.S. per capita consumption...Ch. 1 - Prob. 60RECh. 1 - Blood Sugar and Cholesterol Levels The following...Ch. 1 - Prob. 62RECh. 1 - Poverty The following table gives the number (in...Ch. 1 - Prob. 64RECh. 1 - Prob. 65RE
Knowledge Booster
Background pattern image
Math
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Text book image
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Text book image
Calculus Volume 1
Math
ISBN:9781938168024
Author:Strang, Gilbert
Publisher:OpenStax College
Text book image
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Text book image
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Text book image
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
SEE MORE TEXTBOOKS
Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY