EP PRECALC.GRAPHING APPR.-WEBASSIGN-1YR
EP PRECALC.GRAPHING APPR.-WEBASSIGN-1YR
8th Edition
ISBN: 9780357022078
Author: Larson
Publisher: CENGAGE L
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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…
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Question
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Chapter 1.7, Problem 21E

(a)

To determine

To graph: the data given in the table.

(a)

Expert Solution
Check Mark

Explanation of Solution

Given data:

Table of year v/s Total enterprise value.

Graph:

Graph for the given table:

    YearTotal enterprise value, V (in billions of dollars)
    20130.555
    20140.750
    20151.300
    20161.900
    20172.600
    20183.100

  EP PRECALC.GRAPHING APPR.-WEBASSIGN-1YR, Chapter 1.7, Problem 21E , additional homework tip 1

Interpretation:

The value of enterprise increases with year.

(b)

To determine

To find: Linear regression of model

(b)

Expert Solution
Check Mark

Answer to Problem 21E

Linear regression of model is y=0.5x+6

Explanation of Solution

Given data:

Table of year v/s Total enterprise value

Formula used:

Slope intercept form:

  y=mx+Cm=y2−y1x2−x1

Calculation:

Linear regression of the model:

  y=mx+Cm=y2−y1x2−x1m=3.1−0.5552018−2013m=2.55m=0.5C=6y=0.5x+6

Conclusion:

Linear regression of model is y=0.5x+6

(c)

To determine

To find: Linear model is a good fit or not

(c)

Expert Solution
Check Mark

Answer to Problem 21E

Yes it is a good fit.

Explanation of Solution

Given data:

Table of year v/s Total enterprise value

Calculation:

Yes this is a good fit because line of fit is having value nearly to original values.

  EP PRECALC.GRAPHING APPR.-WEBASSIGN-1YR, Chapter 1.7, Problem 21E , additional homework tip 2

Conclusion:

Yes it is a good fit.

(d)

To determine

Enterprise for 2021 and 2026

(d)

Expert Solution
Check Mark

Answer to Problem 21E

Enterprise for 2021 will be 16.5 billion and for 2026 will be 19 billions

Explanation of Solution

Given data:

Table of year v/s Total enterprise value

Formula used:

Slope intercept form:

  y=mx+Cm=y2−y1x2−x1

Calculation:

Enterprise for 2021 will be:

  y=0.5x+6y=0.5(21)+6y=16.5 billions

Enterprise for 2026 will be:

  y=0.5x+6y=0.5(26)+6y=19 billions

It is a reasonable answer because as the graph is increasing with year.

Conclusion:

Enterprise for 2021 will be 16.5 billion and for 2026 will be 19 billions

(e)

To determine

To find: The slope of graph.

(e)

Expert Solution
Check Mark

Answer to Problem 21E

The slope model is 0.5.

Explanation of Solution

Given data:

Table of year v/s Total enterprise value

Formula used:

Slope intercept form:

  y=mx+Cm=y2−y1x2−x1

Calculation:

Given model is: y=0.5x+6

Comparing with y=mx+c

The slope of model is 0.5 as the slope is positive so graph is increasing.

Conclusion:

The slope model is 0.5.

Previous
Chapter 1.7, Problem 20E
Next
Chapter 1.7, Problem 22E

Chapter 1 Solutions

EP PRECALC.GRAPHING APPR.-WEBASSIGN-1YR

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Prob. 6ECh. 1.6 - Prob. 7ECh. 1.6 - Prob. 8ECh. 1.6 - Prob. 9ECh. 1.6 - Prob. 10ECh. 1.6 - Prob. 11ECh. 1.6 - Prob. 12ECh. 1.6 - Prob. 13ECh. 1.6 - Prob. 14ECh. 1.6 - Prob. 15ECh. 1.6 - Prob. 16ECh. 1.6 - Prob. 17ECh. 1.6 - Prob. 18ECh. 1.6 - Prob. 19ECh. 1.6 - Prob. 20ECh. 1.6 - Prob. 21ECh. 1.6 - Prob. 22ECh. 1.6 - Prob. 23ECh. 1.6 - Prob. 24ECh. 1.6 - Prob. 25ECh. 1.6 - Prob. 26ECh. 1.6 - Prob. 27ECh. 1.6 - Prob. 28ECh. 1.6 - Prob. 29ECh. 1.6 - Prob. 30ECh. 1.6 - Prob. 31ECh. 1.6 - Prob. 32ECh. 1.6 - Prob. 33ECh. 1.6 - Prob. 34ECh. 1.6 - Prob. 35ECh. 1.6 - Prob. 36ECh. 1.6 - Prob. 37ECh. 1.6 - Prob. 38ECh. 1.6 - Prob. 39ECh. 1.6 - Prob. 40ECh. 1.6 - Prob. 41ECh. 1.6 - Prob. 42ECh. 1.6 - Prob. 43ECh. 1.6 - Prob. 44ECh. 1.6 - Prob. 45ECh. 1.6 - Prob. 46ECh. 1.6 - Prob. 47ECh. 1.6 - Prob. 48ECh. 1.6 - Prob. 49ECh. 1.6 - Prob. 50ECh. 1.6 - Prob. 51ECh. 1.6 - Prob. 52ECh. 1.6 - Prob. 53ECh. 1.6 - Prob. 54ECh. 1.6 - Prob. 55ECh. 1.6 - Prob. 56ECh. 1.6 - Prob. 57ECh. 1.6 - Prob. 58ECh. 1.6 - Prob. 59ECh. 1.6 - Prob. 60ECh. 1.6 - Prob. 61ECh. 1.6 - Prob. 62ECh. 1.6 - Prob. 63ECh. 1.6 - Prob. 64ECh. 1.6 - Prob. 65ECh. 1.6 - Prob. 66ECh. 1.6 - Prob. 67ECh. 1.6 - Prob. 68ECh. 1.6 - Prob. 69ECh. 1.6 - Prob. 70ECh. 1.6 - Prob. 71ECh. 1.6 - Prob. 72ECh. 1.6 - Prob. 73ECh. 1.6 - Prob. 74ECh. 1.6 - Prob. 75ECh. 1.6 - Prob. 76ECh. 1.6 - Prob. 77ECh. 1.6 - Prob. 78ECh. 1.6 - Prob. 79ECh. 1.6 - Prob. 80ECh. 1.6 - Prob. 81ECh. 1.6 - Prob. 82ECh. 1.6 - Prob. 83ECh. 1.6 - Prob. 84ECh. 1.6 - Prob. 85ECh. 1.6 - Prob. 86ECh. 1.6 - Prob. 87ECh. 1.6 - Prob. 88ECh. 1.6 - Prob. 89ECh. 1.6 - Prob. 90ECh. 1.6 - Prob. 91ECh. 1.6 - Prob. 92ECh. 1.6 - Prob. 93ECh. 1.6 - Prob. 94ECh. 1.6 - Prob. 95ECh. 1.6 - Prob. 96ECh. 1.6 - Prob. 97ECh. 1.6 - Prob. 98ECh. 1.6 - Prob. 99ECh. 1.6 - Prob. 100ECh. 1.6 - Prob. 101ECh. 1.6 - Prob. 102ECh. 1.6 - Prob. 103ECh. 1.6 - Prob. 104ECh. 1.6 - Prob. 105ECh. 1.6 - Prob. 106ECh. 1.6 - Prob. 107ECh. 1.6 - Prob. 108ECh. 1.6 - Prob. 109ECh. 1.6 - Prob. 110ECh. 1.6 - Prob. 111ECh. 1.6 - Prob. 112ECh. 1.6 - Prob. 113ECh. 1.6 - Prob. 114ECh. 1.6 - Prob. 115ECh. 1.6 - Prob. 116ECh. 1.6 - Prob. 117ECh. 1.6 - Prob. 118ECh. 1.6 - Prob. 119ECh. 1.6 - Prob. 120ECh. 1.6 - Prob. 121ECh. 1.6 - Prob. 122ECh. 1.6 - Prob. 123ECh. 1.6 - Prob. 124ECh. 1.6 - Prob. 125ECh. 1.6 - Prob. 126ECh. 1.6 - Prob. 127ECh. 1.6 - Prob. 128ECh. 1.6 - Prob. 129ECh. 1.6 - Prob. 130ECh. 1.6 - Prob. 131ECh. 1.6 - Prob. 132ECh. 1.6 - Prob. 133ECh. 1.6 - Prob. 134ECh. 1.6 - Prob. 135ECh. 1.6 - Prob. 136ECh. 1.6 - Prob. 137ECh. 1.6 - Prob. 138ECh. 1.6 - Prob. 139ECh. 1.6 - Prob. 140ECh. 1.6 - Prob. 141ECh. 1.6 - Prob. 142ECh. 1.6 - Prob. 143ECh. 1.6 - Prob. 144ECh. 1.7 - Prob. 1ECh. 1.7 - Prob. 2ECh. 1.7 - Prob. 3ECh. 1.7 - Prob. 4ECh. 1.7 - Prob. 5ECh. 1.7 - Prob. 6ECh. 1.7 - Prob. 7ECh. 1.7 - Prob. 8ECh. 1.7 - Prob. 9ECh. 1.7 - Prob. 10ECh. 1.7 - Prob. 11ECh. 1.7 - Prob. 12ECh. 1.7 - Prob. 13ECh. 1.7 - Prob. 14ECh. 1.7 - Prob. 15ECh. 1.7 - Prob. 16ECh. 1.7 - Prob. 17ECh. 1.7 - Prob. 18ECh. 1.7 - Prob. 19ECh. 1.7 - Prob. 20ECh. 1.7 - Prob. 21ECh. 1.7 - Prob. 22ECh. 1.7 - Prob. 23ECh. 1.7 - Prob. 24ECh. 1.7 - Prob. 25ECh. 1.7 - Prob. 26ECh. 1.7 - Prob. 27ECh. 1.7 - Prob. 28ECh. 1.7 - Prob. 29ECh. 1.7 - Prob. 30ECh. 1.7 - Prob. 31ECh. 1.7 - Prob. 32ECh. 1.7 - Prob. 33ECh. 1.7 - Prob. 34ECh. 1 - Prob. 1CRCh. 1 - Prob. 2CRCh. 1 - Prob. 3CRCh. 1 - Prob. 4CRCh. 1 - Prob. 5CRCh. 1 - Prob. 6CRCh. 1 - Prob. 7CRCh. 1 - Prob. 8CRCh. 1 - Prob. 9CRCh. 1 - Prob. 10CRCh. 1 - Prob. 11CRCh. 1 - Prob. 12CRCh. 1 - Prob. 13CRCh. 1 - Prob. 14CRCh. 1 - Prob. 15CRCh. 1 - Prob. 16CRCh. 1 - Prob. 17CRCh. 1 - Prob. 18CRCh. 1 - Prob. 19CRCh. 1 - Prob. 20CRCh. 1 - Prob. 21CRCh. 1 - Prob. 22CRCh. 1 - Prob. 23CRCh. 1 - Prob. 24CRCh. 1 - Prob. 25CRCh. 1 - Prob. 26CRCh. 1 - Prob. 27CRCh. 1 - Prob. 28CRCh. 1 - Prob. 29CRCh. 1 - Prob. 30CRCh. 1 - Prob. 31CRCh. 1 - Prob. 32CRCh. 1 - Prob. 33CRCh. 1 - Prob. 34CRCh. 1 - Prob. 35CRCh. 1 - Prob. 36CRCh. 1 - Prob. 37CRCh. 1 - Prob. 38CRCh. 1 - Prob. 39CRCh. 1 - Prob. 40CRCh. 1 - Prob. 41CRCh. 1 - Prob. 42CRCh. 1 - Prob. 43CRCh. 1 - Prob. 44CRCh. 1 - Prob. 45CRCh. 1 - Prob. 46CRCh. 1 - Prob. 47CRCh. 1 - Prob. 48CRCh. 1 - Prob. 49CRCh. 1 - Prob. 50CRCh. 1 - Prob. 51CRCh. 1 - Prob. 52CRCh. 1 - Prob. 53CRCh. 1 - Prob. 54CRCh. 1 - Prob. 55CRCh. 1 - Prob. 56CRCh. 1 - Prob. 57CRCh. 1 - Prob. 58CRCh. 1 - Prob. 59CRCh. 1 - Prob. 60CRCh. 1 - Prob. 61CRCh. 1 - Prob. 62CRCh. 1 - Prob. 63CRCh. 1 - Prob. 64CRCh. 1 - Prob. 65CRCh. 1 - Prob. 66CRCh. 1 - Prob. 67CRCh. 1 - Prob. 68CRCh. 1 - Prob. 69CRCh. 1 - Prob. 70CRCh. 1 - Prob. 71CRCh. 1 - Prob. 72CRCh. 1 - Prob. 73CRCh. 1 - Prob. 74CRCh. 1 - Prob. 75CRCh. 1 - Prob. 76CRCh. 1 - Prob. 77CRCh. 1 - Prob. 78CRCh. 1 - Prob. 79CRCh. 1 - Prob. 80CRCh. 1 - Prob. 81CRCh. 1 - Prob. 82CRCh. 1 - Prob. 83CRCh. 1 - Prob. 84CRCh. 1 - Prob. 85CRCh. 1 - Prob. 86CRCh. 1 - Prob. 87CRCh. 1 - Prob. 88CRCh. 1 - Prob. 89CRCh. 1 - Prob. 90CRCh. 1 - Prob. 91CRCh. 1 - Prob. 92CRCh. 1 - Prob. 93CRCh. 1 - Prob. 94CRCh. 1 - Prob. 95CRCh. 1 - Prob. 96CRCh. 1 - Prob. 97CRCh. 1 - Prob. 98CRCh. 1 - Prob. 99CRCh. 1 - Prob. 100CRCh. 1 - Prob. 101CRCh. 1 - Prob. 102CRCh. 1 - Prob. 103CRCh. 1 - Prob. 104CRCh. 1 - Prob. 105CRCh. 1 - Prob. 106CRCh. 1 - Prob. 107CRCh. 1 - Prob. 108CRCh. 1 - Prob. 109CRCh. 1 - Prob. 110CRCh. 1 - Prob. 1CTCh. 1 - Prob. 2CTCh. 1 - Prob. 3CTCh. 1 - Prob. 4CTCh. 1 - Prob. 5CTCh. 1 - Prob. 6CTCh. 1 - Prob. 7CTCh. 1 - Prob. 8CTCh. 1 - Prob. 9CTCh. 1 - Prob. 10CTCh. 1 - Prob. 11CTCh. 1 - Prob. 12CTCh. 1 - Prob. 13CTCh. 1 - Prob. 14CTCh. 1 - Prob. 15CTCh. 1 - Prob. 16CTCh. 1 - Prob. 17CTCh. 1 - Prob. 18CTCh. 1 - Prob. 19CTCh. 1 - Prob. 20CT
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