(a) Explanation Given: Let x = 0 represent the year 2000 and y represent the number of banks, in thousands, in the United States. n = 10 , ∑ x = 75 , ∑ x 2 = 645 ∑ y = 70.457 , ∑ y 2 = 499.481335 , ∑ x y = 512.775 Formula used: “The least square line Y = m x + b that gives the best fit to the data points ( x 1 , y 1 ) , ( x 2 , y 2 ) , ... , ( x n , y n ) has slope m and y -intercept b given by m = n ( ∑ x y ) − ( ∑ x ) ( ∑ y ) n ( ∑ x 2 ) − ( ∑ x ) 2 and b = ∑ y − m ( ∑ x ) n .” Calculation: Obtain the equation for the least square line Substitute the given values into the formula for the slope m , m = n ( ∑ x y ) − ( ∑ x ) ( ∑ y ) n ( ∑ x 2 ) − ( ∑ x ) 2 = 10 ( 512 (b) To determine To predict: The number of U.S. banks in the year 2020. (c) To determine To find: The year (d) To determine To find: The correlation coefficient and interpret.

10th Edition

ISBN: 8220102020252

Author: RITCHEY

Publisher: PEARSON

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Chapter 1.3, Problem 11E

(a)

To determine

To find: The equation for the least square line.

(b)

To determine

To predict: The number of U.S. banks in the year 2020.

(c)

To determine

To find: The year

(d)

To determine

To find: The correlation coefficient and interpret.

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Chapter 1.3, Problem 10E

Chapter 1.3, Problem 12E

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Ch. 1.1 - Find the slope of the line through (1, 5) and (4,...Ch. 1.1 - Find the equation of the line with x-intercept 4...Ch. 1.1 - Prob. 3YT Ch. 1.1 - Find the equation of the line through (2, 9) and...Ch. 1.1 - Prob. 5YT Ch. 1.1 - Prob. 6YT Ch. 1.1 - Prob. 1WE Ch. 1.1 - Prob. 2WE Ch. 1.1 - Prob. 3WE Ch. 1.1 - Prob. 4WE

Ch. 1.1 - Prob. 1E Ch. 1.1 - Prob. 2E Ch. 1.1 - Prob. 3E Ch. 1.1 - Prob. 4E Ch. 1.1 - Prob. 5E Ch. 1.1 - Prob. 6E Ch. 1.1 - Prob. 7E Ch. 1.1 - Prob. 8E Ch. 1.1 - Prob. 9E Ch. 1.1 - Prob. 10E Ch. 1.1 - Prob. 11E Ch. 1.1 - Prob. 12E Ch. 1.1 - Prob. 13E Ch. 1.1 - Prob. 14E Ch. 1.1 - In Exercises 1524, find an equation in...Ch. 1.1 - Prob. 16E Ch. 1.1 - In Exercises 1524, find an equation in...Ch. 1.1 - Prob. 18E Ch. 1.1 - In Exercises 1524, find an equation in...Ch. 1.1 - Prob. 20E Ch. 1.1 - In Exercises 1524, find an equation in...Ch. 1.1 - Prob. 22E Ch. 1.1 - In Exercises 1524, find an equation in...Ch. 1.1 - Prob. 24E Ch. 1.1 - Prob. 25E Ch. 1.1 - Prob. 26E Ch. 1.1 - Prob. 27E Ch. 1.1 - In Exercises 2534, find an equation for each line...Ch. 1.1 - Prob. 29E Ch. 1.1 - Prob. 30E Ch. 1.1 - Prob. 31E Ch. 1.1 - Prob. 32E Ch. 1.1 - Prob. 33E Ch. 1.1 - Prob. 34E Ch. 1.1 - Prob. 35E Ch. 1.1 - Prob. 36E Ch. 1.1 - Prob. 37E Ch. 1.1 - Prob. 38E Ch. 1.1 - Prob. 39E Ch. 1.1 - Prob. 40E Ch. 1.1 - Prob. 41E Ch. 1.1 - Prob. 42E Ch. 1.1 - Prob. 43E Ch. 1.1 - Prob. 44E Ch. 1.1 - Prob. 45E Ch. 1.1 - Prob. 46E Ch. 1.1 - Prob. 47E Ch. 1.1 - Graph each equation. 48. y = 6x + 12 Ch. 1.1 - Prob. 49E Ch. 1.1 - Prob. 50E Ch. 1.1 - Prob. 51E Ch. 1.1 - Prob. 52E Ch. 1.1 - Prob. 53E Ch. 1.1 - Prob. 54E Ch. 1.1 - Prob. 55E Ch. 1.1 - Prob. 56E Ch. 1.1 - Prob. 57E Ch. 1.1 - Graph each equation. 58. y = 5x Ch. 1.1 - Graph each equation. 59. x + 4y = 0 Ch. 1.1 - Prob. 60E Ch. 1.1 - Prob. 61E Ch. 1.1 - Prob. 62E Ch. 1.1 - Prob. 63E Ch. 1.1 - Prob. 64E Ch. 1.1 - Prob. 65E Ch. 1.1 - Life Sciences 66. HIV Infection The time interval...Ch. 1.1 - Prob. 67E Ch. 1.1 - Prob. 68E Ch. 1.1 - Prob. 69E Ch. 1.1 - Prob. 70E Ch. 1.1 - Prob. 71E Ch. 1.1 - Prob. 72E Ch. 1.1 - Prob. 73E Ch. 1.1 - Prob. 74E Ch. 1.1 - Prob. 75E Ch. 1.2 - Calculate g(5). Let g(x) = 4x + 5.Ch. 1.2 - Prob. 2YT Ch. 1.2 - Prob. 3YT Ch. 1.2 - Prob. 4YT Ch. 1.2 - Prob. 5YT Ch. 1.2 - Prob. 6YT Ch. 1.2 - Prob. 1WE Ch. 1.2 - Prob. 2WE Ch. 1.2 - Prob. 1E Ch. 1.2 - Prob. 2E Ch. 1.2 - Prob. 3E Ch. 1.2 - Prob. 4E Ch. 1.2 - Prob. 5E Ch. 1.2 - Prob. 6E Ch. 1.2 - Prob. 7E Ch. 1.2 - Prob. 8E Ch. 1.2 - Prob. 9E Ch. 1.2 - Prob. 10E Ch. 1.2 - Prob. 11E Ch. 1.2 - In Exercises 1114, decide whether the statement is...Ch. 1.2 - Prob. 13E Ch. 1.2 - Prob. 14E Ch. 1.2 - Prob. 15E Ch. 1.2 - Prob. 16E Ch. 1.2 - Prob. 17E Ch. 1.2 - Prob. 18E Ch. 1.2 - Write a linear cost function for each situation....Ch. 1.2 - Prob. 20E Ch. 1.2 - Write a linear cost function for each situation....Ch. 1.2 - Prob. 22E Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Prob. 24E Ch. 1.2 - Assume that each situation can be expressed as a...Ch. 1.2 - Prob. 26E Ch. 1.2 - Business and Economics 27. Supply and Demand...Ch. 1.2 - Supply and Demand Suppose that the demand and...Ch. 1.2 - Supply and Demand Let the supply and demand...Ch. 1.2 - Supply and Demand Let the supply and demand...Ch. 1.2 - Supply and Demand Suppose that the supply function...Ch. 1.2 - Prob. 32E Ch. 1.2 - Break-Even Analysis Producing x units of tacos...Ch. 1.2 - Prob. 34E Ch. 1.2 - T-Shirt Cost Joanne Wendelken sells silk-screened...Ch. 1.2 - Prob. 36E Ch. 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 - Break-Even Analysis You are the manager of a firm....Ch. 1.2 - Prob. 40E Ch. 1.2 - Break-Even Analysis You are the manager of a firm....Ch. 1.2 - Prob. 42E Ch. 1.2 - Prob. 43E Ch. 1.2 - Prob. 44E Ch. 1.2 - Life Sciences 45. Deer Ticks Deer ticks are of...Ch. 1.2 - Prob. 46E Ch. 1.2 - Prob. 47E Ch. 1.2 - Prob. 48E Ch. 1.2 - Prob. 49E Ch. 1.2 - Prob. 50E Ch. 1.3 - Calculate the least squares line for the following...Ch. 1.3 - Prob. 2YT Ch. 1.3 - Prob. 1E Ch. 1.3 - Prob. 2E Ch. 1.3 - Prob. 3E Ch. 1.3 - Prob. 4E Ch. 1.3 - Prob. 5E Ch. 1.3 - Prob. 6E Ch. 1.3 - Prob. 7E Ch. 1.3 - Prob. 8E Ch. 1.3 - Prob. 9E Ch. 1.3 - Prob. 10E Ch. 1.3 - Prob. 11E Ch. 1.3 - Prob. 12E Ch. 1.3 - Prob. 13E Ch. 1.3 - Prob. 14E Ch. 1.3 - Mean Earnings The mean earnings (in dollars) of...Ch. 1.3 - Air Fares Using Expedia, a discount travel...Ch. 1.3 - Prob. 17E Ch. 1.3 - Size of Hunting Parties In the 1960s, the famous...Ch. 1.3 - Crickets Chirping Biologists have observed a...Ch. 1.3 - Prob. 20E Ch. 1.3 - Prob. 21E Ch. 1.3 - Prob. 22E Ch. 1.3 - SAT Scores At Hofstra University, all students...Ch. 1.3 - Prob. 24E Ch. 1.3 - Air Conditioning While shopping for an air...Ch. 1.3 - Prob. 26E Ch. 1.3 - Running If you think a marathon is a long race,...Ch. 1 - Determine whether each statement is true or false,...Ch. 1 - Prob. 2RE Ch. 1 - Prob. 3RE Ch. 1 - Prob. 4RE Ch. 1 - Prob. 5RE Ch. 1 - Prob. 6RE Ch. 1 - Prob. 7RE Ch. 1 - Prob. 8RE Ch. 1 - Prob. 9RE Ch. 1 - Prob. 10RE Ch. 1 - Determine whether each statement is true or false,...Ch. 1 - Prob. 12RE Ch. 1 - Prob. 13RE Ch. 1 - Prob. 14RE Ch. 1 - Prob. 15RE Ch. 1 - Prob. 16RE Ch. 1 - Prob. 17RE Ch. 1 - Prob. 18RE Ch. 1 - Prob. 19RE Ch. 1 - Prob. 20RE Ch. 1 - Prob. 21RE Ch. 1 - Prob. 22RE Ch. 1 - Prob. 23RE Ch. 1 - Prob. 24RE Ch. 1 - Prob. 25RE Ch. 1 - Prob. 26RE Ch. 1 - Prob. 27RE Ch. 1 - Prob. 28RE Ch. 1 - Prob. 29RE Ch. 1 - Prob. 30RE Ch. 1 - Prob. 31RE Ch. 1 - Prob. 32RE Ch. 1 - Prob. 33RE Ch. 1 - Prob. 34RE Ch. 1 - Prob. 35RE Ch. 1 - Prob. 36RE Ch. 1 - Prob. 37RE Ch. 1 - Prob. 38RE Ch. 1 - Prob. 39RE Ch. 1 - Prob. 40RE Ch. 1 - Prob. 41RE Ch. 1 - Prob. 42RE Ch. 1 - Prob. 43RE Ch. 1 - Prob. 44RE Ch. 1 - Prob. 45RE Ch. 1 - Prob. 46RE Ch. 1 - Prob. 47RE Ch. 1 - Prob. 48RE Ch. 1 - Prob. 49RE Ch. 1 - Prob. 50RE Ch. 1 - Prob. 51RE Ch. 1 - Prob. 52RE Ch. 1 - Prob. 53RE Ch. 1 - Prob. 54RE Ch. 1 - Prob. 55RE Ch. 1 - Prob. 56RE Ch. 1 - Prob. 57RE Ch. 1 - Prob. 58RE Ch. 1 - Prob. 59RE Ch. 1 - Life Sciences 60. World Health In general, people...Ch. 1 - Prob. 61RE Ch. 1 - Prob. 62RE Ch. 1 - Prob. 63RE Ch. 1 - Movies A mathematician exploring the relationship...

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The equation for the least square line.

Solution Summary: The author explains that the equation for the least square line is Y=0.1192x+3.485.

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To find: The equation for the least square line.

To predict: The number of U.S. banks in the year 2020.

To find: The year

To find: The correlation coefficient and interpret.

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Chapter 1 Solutions