Pearson eText for An Introduction to Mathematical Statistics and Its Applications -- Instant Access (Pearson+)
6th Edition
ISBN: 9780137549375
Author: Richard Larsen, Morris Marx
Publisher: PEARSON+
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Chapter 11.2, Problem 21Q
The growth of federal expenditures is one of the characteristic features of the U.S. economy. The rapidity of the increases from 2000 to 2015, as shown in the table below, suggests an exponential model.
| Year | Years after 2000,
|
Gross Federal Debt (in $ trillions),
|
| 2000 | 0 | 5.629 |
| 2001 | 1 | 5.770 |
| 2002 | 2 | 6.198 |
| 2003 | 3 | 6.760 |
| 2004 | 4 | 7.355 |
| 2005 | 5 | 7.905 |
| 2006 | 6 | 8.451 |
| 2007 | 7 | 8.951 |
| 2008 | 8 | 9.986 |
| 2009 | 9 | 11.876 |
| 2010 | 10 | 13.529 |
| 2011 | 11 | 14.764 |
| 2012 | 12 | 16.051 |
| 2013 | 13 | 16.719 |
| 2014 | 14 | 17.794 |
| 2015 | 15 | 18.120 |
Source: http/www.whitehouse.gov/omb/budget/Historicals
(a) Find the best-fitting exponential curve, using the method of least squares together with an appropriate linearizing transformation. Use the sums:
(b) Calculate the residuals for the years 2009 through 2015. What does this say about the exponential model?
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Chapter 11 Solutions
Pearson eText for An Introduction to Mathematical Statistics and Its Applications -- Instant Access (Pearson+)
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Ch. 11.2 - Prob. 11QCh. 11.2 - Verify that the coefficients a and b of the least...Ch. 11.2 - Prob. 13QCh. 11.2 - Prob. 14QCh. 11.2 - Prob. 15QCh. 11.2 - Prob. 16QCh. 11.2 - Prob. 17QCh. 11.2 - A graph of the luxury suite data in Question 8.2.5...Ch. 11.2 - Set up (but do not solve) the equations necessary...Ch. 11.2 - Prob. 20QCh. 11.2 - The growth of federal expenditures is one of the...Ch. 11.2 - Prob. 22QCh. 11.2 - Prob. 24QCh. 11.2 - Prob. 25QCh. 11.2 - Among mammals, the relationship between the age at...Ch. 11.2 - Prob. 27QCh. 11.2 - Years of experience buying and selling commercial...Ch. 11.2 - Prob. 29QCh. 11.2 - The following table shows a portion of the results...Ch. 11.3 - Insect flight ability can be measured in a...Ch. 11.3 - The best straight line through the Massachusetts...Ch. 11.3 - Based on the data in Question 11.2.1, the...Ch. 11.3 - Suppose an experimenter intends to do a regression...Ch. 11.3 - Prob. 5QCh. 11.3 - Prob. 6QCh. 11.3 - Prob. 7QCh. 11.3 - Set up and carry out an appropriate hypothesis...Ch. 11.3 - Test H0:1=0 versus H1:10 for the plumage...Ch. 11.3 - Prob. 10QCh. 11.3 - Derive a formula for a 95% confidence interval for...Ch. 11.3 - Which, if any, of the assumptions of the simple...Ch. 11.3 - Prob. 13QCh. 11.3 - Construct a 90% confidence interval for 2 in the...Ch. 11.3 - Regression techniques can be very useful in...Ch. 11.3 - Construct a 95% confidence interval for E(Y2.750)...Ch. 11.3 - Prob. 18QCh. 11.3 - The fuel economy (in miles per gallon) of an...Ch. 11.3 - In the radioactive exposure example in Question...Ch. 11.3 - Attorneys representing a group of male buyers...Ch. 11.3 - Prob. 23QCh. 11.3 - Show that i=1n(YiY)2=i=1n(YiYi)2+i=1n(YiY)2 for...Ch. 11.4 - Prob. 1QCh. 11.4 - Prob. 2QCh. 11.4 - Prob. 3QCh. 11.4 - Prob. 4QCh. 11.4 - Prob. 5QCh. 11.4 - Let the random variable X take on the values...Ch. 11.4 - Prob. 7QCh. 11.4 - Prob. 8QCh. 11.4 - Prob. 9QCh. 11.4 - Prob. 10QCh. 11.4 - Some baseball fans believe that the number of home...Ch. 11.4 - Many people believe that a salary bonus is a...Ch. 11.4 - The extent to which stress is a contributing...Ch. 11.4 - Burglary and larceny both involve the illegal...Ch. 11.4 - A common saying in golf is You drive for show, but...Ch. 11.5 - Suppose that X and Y have a bivariate normal pdf...Ch. 11.5 - Suppose that X and Y have a bivariate normal...Ch. 11.5 - Prob. 3QCh. 11.5 - Suppose that the random variables X and Y have a...Ch. 11.5 - Prob. 5QCh. 11.5 - Give conditions on a0,b0, and u so that...Ch. 11.5 - Prob. 7QCh. 11.5 - In a study of heart disease (79), the weight (in...Ch. 11.5 - Prob. 9QCh. 11.5 - Prob. 10QCh. 11.5 - The National Collegiate Athletic Association has...
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