Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
12th Edition
ISBN: 9780134767611
Author: Margaret L. Lial, Tom Hungerford, John P. Holcomb, Bernadette Mullins
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 2.CR, Problem 36CR
To determine
a)
To Find:
The linear model representing the total amount in charitable giving using the data for the years 2008 and 2013.
To determine
b)
To Explain:
The least-squares regression line for the following data.
Year | 2008 | 2011 | 2013 | 2014 |
Charitable Giving (in billion) | $299.6 | $298.5 | $334.5 | $358.4 |
To determine
c)
To Estimate:
The total amount in charitable giving in 2014 (to the nearest billion) using the models found in part (a) and (b) and compare the estimates to the actual value for 2014.
To determine
d)
To Estimate:
The total amount in charitable giving for 2019 (to the nearest dollar) using the models found in part (b).
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
Ch. 2.1 - Checkpoint Locate (1,6),(3,5),(4,3),(0,2),and(5,0)...Ch. 2.1 - Checkpoint Which of the following are solutions of...Ch. 2.1 - Prob. 3CPCh. 2.1 - Prob. 4CPCh. 2.1 - Checkpoint From Figure 2.7 determine when the S&P...Ch. 2.1 - Prob. 6CPCh. 2.1 - Prob. 7CPCh. 2.1 - Prob. 8CPCh. 2.1 - Prob. 1ECh. 2.1 - State the quadrant in which each point lies....
Ch. 2.1 - Prob. 3ECh. 2.1 - Prob. 4ECh. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 - Prob. 8ECh. 2.1 - Prob. 9ECh. 2.1 - Prob. 10ECh. 2.1 - Prob. 11ECh. 2.1 - Prob. 12ECh. 2.1 - Prob. 13ECh. 2.1 - Prob. 14ECh. 2.1 - Prob. 15ECh. 2.1 - Prob. 16ECh. 2.1 - Prob. 17ECh. 2.1 - Prob. 18ECh. 2.1 - Prob. 19ECh. 2.1 - Prob. 20ECh. 2.1 - Find the x-intercepts and y-intercepts of the...Ch. 2.1 - Prob. 22ECh. 2.1 - Prob. 23ECh. 2.1 - Find the x-intercepts and y-intercepts of the...Ch. 2.1 - Prob. 25ECh. 2.1 - Prob. 26ECh. 2.1 - Prob. 27ECh. 2.1 - Prob. 28ECh. 2.1 - Sketch the graph of the equation. See Examples...Ch. 2.1 - Prob. 30ECh. 2.1 - Prob. 31ECh. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 - Sketch the graph of the equation. See Examples...Ch. 2.1 - Prob. 36ECh. 2.1 - Prob. 37ECh. 2.1 - Prob. 38ECh. 2.1 - Sketch the graph of the information in the...Ch. 2.1 - Prob. 40ECh. 2.1 - ATM Fees An article in The Wall Street Journal on...Ch. 2.1 - Prob. 42ECh. 2.1 - Prob. 43ECh. 2.1 - ATM Fees An article in The Wall Street Journal on...Ch. 2.1 - Prob. 45ECh. 2.1 - Prob. 46ECh. 2.1 - Prob. 47ECh. 2.1 - Prob. 48ECh. 2.1 - Prob. 49ECh. 2.1 - Prob. 50ECh. 2.1 - Prob. 51ECh. 2.1 - Prob. 52ECh. 2.1 - Prob. 53ECh. 2.1 - Prob. 54ECh. 2.1 - Prob. 55ECh. 2.1 - Prob. 56ECh. 2.1 - Prob. 57ECh. 2.1 - Prob. 58ECh. 2.1 - Prob. 59ECh. 2.1 - Prob. 60ECh. 2.1 - Prob. 61ECh. 2.1 - Prob. 62ECh. 2.1 - Prob. 63ECh. 2.1 - Prob. 64ECh. 2.1 - Prob. 65ECh. 2.1 - Prob. 66ECh. 2.1 - Prob. 67ECh. 2.1 - Prob. 68ECh. 2.1 - Use a graphing calculator for Exercises 69-70....Ch. 2.1 - Prob. 70ECh. 2.1 - Prob. 71ECh. 2.1 - Prob. 72ECh. 2.1 - Prob. 73ECh. 2.1 - Prob. 74ECh. 2.1 - Prob. 75ECh. 2.1 - Use a graphing calculator to approximate all real...Ch. 2.2 - Prob. 1CPCh. 2.2 - Prob. 2CPCh. 2.2 - Find the slope and y-intercept of a x+4y=6; b...Ch. 2.2 - Prob. 4CPCh. 2.2 - Prob. 5CPCh. 2.2 - Prob. 6CPCh. 2.2 - Prob. 7CPCh. 2.2 - Prob. 8CPCh. 2.2 - Prob. 9CPCh. 2.2 - Prob. 1ECh. 2.2 - Prob. 2ECh. 2.2 - Prob. 3ECh. 2.2 - Prob. 4ECh. 2.2 - Prob. 5ECh. 2.2 - Prob. 6ECh. 2.2 - Prob. 7ECh. 2.2 - Prob. 8ECh. 2.2 - Prob. 9ECh. 2.2 - Prob. 10ECh. 2.2 - Prob. 11ECh. 2.2 - Prob. 12ECh. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - Prob. 15ECh. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - Prob. 20ECh. 2.2 - Prob. 21ECh. 2.2 - Prob. 22ECh. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.2 - Prob. 25ECh. 2.2 - Prob. 26ECh. 2.2 - Prob. 27ECh. 2.2 - Prob. 28ECh. 2.2 - Prob. 29ECh. 2.2 - Prob. 30ECh. 2.2 - Prob. 31ECh. 2.2 - Prob. 32ECh. 2.2 - Prob. 33ECh. 2.2 - Prob. 34ECh. 2.2 - Prob. 35ECh. 2.2 - Prob. 36ECh. 2.2 - Prob. 37ECh. 2.2 - Prob. 38ECh. 2.2 - Prob. 39ECh. 2.2 - Prob. 40ECh. 2.2 - Prob. 41ECh. 2.2 - Prob. 42ECh. 2.2 - Prob. 43ECh. 2.2 - Prob. 44ECh. 2.2 - Prob. 45ECh. 2.2 - Prob. 46ECh. 2.2 - Prob. 47ECh. 2.2 - Prob. 48ECh. 2.2 - Prob. 49ECh. 2.2 - Prob. 50ECh. 2.2 - Prob. 51ECh. 2.2 - Prob. 52ECh. 2.2 - Prob. 53ECh. 2.2 - Prob. 54ECh. 2.2 - Prob. 55ECh. 2.2 - Prob. 56ECh. 2.2 - Prob. 57ECh. 2.2 - Prob. 58ECh. 2.2 - Prob. 59ECh. 2.2 - Prob. 60ECh. 2.2 - Prob. 61ECh. 2.2 - Prob. 62ECh. 2.2 - Prob. 63ECh. 2.2 - Prob. 64ECh. 2.2 - Prob. 65ECh. 2.2 - Prob. 66ECh. 2.2 - Prob. 67ECh. 2.2 - Light Beer Sales Data from the Wall Street Journal...Ch. 2.2 - Light Beer Sales Data from the Wall Street Journal...Ch. 2.2 - Light Beer Sales Data from the Wall Street Journal...Ch. 2.2 - Global Malaria Cases Data from the Wall Street...Ch. 2.2 - Prob. 72ECh. 2.2 - Global Malaria Cases Data from the Wall Street...Ch. 2.2 - Prob. 74ECh. 2.2 - Prob. 75ECh. 2.2 - Prob. 76ECh. 2.2 - Luxury Handbags Michael Kors now dominates the...Ch. 2.2 - Cocoa Production In 2005, global cocoa bean...Ch. 2.2 - Prob. 79ECh. 2.2 - Employee Health Costs In the year 2010, the...Ch. 2.3 - Checkpoint 1 Full-Time Faculty Members The number...Ch. 2.3 - Prob. 2CPCh. 2.3 - Prob. 3CPCh. 2.3 - Prob. 4CPCh. 2.3 - Checkpoint 5 Using only the data from 2010 and...Ch. 2.3 - Temperature The following table shows equivalent...Ch. 2.3 - Prob. 2ECh. 2.3 - Prob. 3ECh. 2.3 - Prob. 4ECh. 2.3 - Prob. 5ECh. 2.3 - Prob. 6ECh. 2.3 - Prob. 7ECh. 2.3 - Prob. 8ECh. 2.3 - In each of the next set of problems, assume that...Ch. 2.3 - Prob. 10ECh. 2.3 - Prob. 11ECh. 2.3 - In each of the next two problems, two linear...Ch. 2.3 - Prob. 13ECh. 2.3 - Prob. 14ECh. 2.3 - In Exercises 15-18 find the required linear model...Ch. 2.3 - Prob. 16ECh. 2.3 - Prob. 17ECh. 2.3 - Prob. 18ECh. 2.3 - Street and Highway Construction The total amount...Ch. 2.3 - Prob. 20ECh. 2.3 - Prob. 21ECh. 2.3 - Life Expectancy The following table shows mens and...Ch. 2.4 - a First multiply both sides of -6-1 by 4, and then...Ch. 2.4 - Prob. 2CPCh. 2.4 - Solve these inequalities. Graph each solution. a...Ch. 2.4 - Prob. 4CPCh. 2.4 - Prob. 5CPCh. 2.4 - Prob. 6CPCh. 2.4 - Prob. 7CPCh. 2.4 - Prob. 8CPCh. 2.4 - Prob. 9CPCh. 2.4 - Prob. 1ECh. 2.4 - Prob. 2ECh. 2.4 - Prob. 3ECh. 2.4 - Prob. 4ECh. 2.4 - Prob. 5ECh. 2.4 - Prob. 6ECh. 2.4 - Prob. 7ECh. 2.4 - Prob. 8ECh. 2.4 - Prob. 9ECh. 2.4 - Prob. 10ECh. 2.4 - Prob. 11ECh. 2.4 - Prob. 12ECh. 2.4 - Solve each inequality and graph each solution. See...Ch. 2.4 - Prob. 14ECh. 2.4 - Solve each inequality and graph each solution. See...Ch. 2.4 - Prob. 16ECh. 2.4 - Prob. 17ECh. 2.4 - Prob. 18ECh. 2.4 - Solve each inequality and graph each solution. See...Ch. 2.4 - Prob. 20ECh. 2.4 - Prob. 21ECh. 2.4 - Prob. 22ECh. 2.4 - Prob. 23ECh. 2.4 - Prob. 24ECh. 2.4 - Prob. 25ECh. 2.4 - Prob. 26ECh. 2.4 - Prob. 27ECh. 2.4 - Prob. 28ECh. 2.4 - Solve each inequality and graph each solution. See...Ch. 2.4 - Prob. 30ECh. 2.4 - Prob. 31ECh. 2.4 - Prob. 32ECh. 2.4 - Prob. 33ECh. 2.4 - Prob. 34ECh. 2.4 - Prob. 35ECh. 2.4 - Prob. 36ECh. 2.4 - Prob. 37ECh. 2.4 - Prob. 38ECh. 2.4 - Prob. 39ECh. 2.4 - Prob. 40ECh. 2.4 - Prob. 41ECh. 2.4 - Prob. 42ECh. 2.4 - Prob. 43ECh. 2.4 - Prob. 44ECh. 2.4 - Prob. 45ECh. 2.4 - Solve each inequality. Graph each solution. See...Ch. 2.4 - Prob. 47ECh. 2.4 - Prob. 48ECh. 2.4 - Temperature The given inequality describes the...Ch. 2.4 - Prob. 50ECh. 2.4 - Prob. 51ECh. 2.4 - Prob. 52ECh. 2.4 - Prob. 53ECh. 2.4 - Social Science A Gallup poll in January 2017 found...Ch. 2.4 - Prob. 55ECh. 2.4 - Prob. 56ECh. 2.5 - Solve each inequality. Graph the solution on the...Ch. 2.5 - Prob. 2CPCh. 2.5 - Prob. 3CPCh. 2.5 - Prob. 4CPCh. 2.5 - Solve each inequality. a 3x-24 b p1-p3 c Why is 2...Ch. 2.5 - Prob. 6CPCh. 2.5 - Prob. 7CPCh. 2.5 - Prob. 1ECh. 2.5 - Prob. 2ECh. 2.5 - Prob. 3ECh. 2.5 - Solve each of these quadratic inequalities. Graph...Ch. 2.5 - Prob. 5ECh. 2.5 - Prob. 6ECh. 2.5 - Solve each of these quadratic inequalities. Graph...Ch. 2.5 - Prob. 8ECh. 2.5 - Prob. 9ECh. 2.5 - Prob. 10ECh. 2.5 - Prob. 11ECh. 2.5 - Prob. 12ECh. 2.5 - Prob. 13ECh. 2.5 - Solve these inequalities. See Example 4. p3-25p0Ch. 2.5 - Prob. 15ECh. 2.5 - Prob. 16ECh. 2.5 - Prob. 17ECh. 2.5 - Prob. 18ECh. 2.5 - Solve these inequalities. See Example 4. 6k3-5k24kCh. 2.5 - Prob. 20ECh. 2.5 - Prob. 21ECh. 2.5 - Prob. 22ECh. 2.5 - Prob. 23ECh. 2.5 - Prob. 24ECh. 2.5 - Prob. 25ECh. 2.5 - Prob. 26ECh. 2.5 - Prob. 27ECh. 2.5 - Prob. 28ECh. 2.5 - Prob. 29ECh. 2.5 - Prob. 30ECh. 2.5 - Prob. 31ECh. 2.5 - Solve these rational inequalities. See Examples 7...Ch. 2.5 - Prob. 33ECh. 2.5 - Prob. 34ECh. 2.5 - Prob. 35ECh. 2.5 - Prob. 36ECh. 2.5 - Prob. 37ECh. 2.5 - Prob. 38ECh. 2.5 - Use a graphing calculator to solve these...Ch. 2.5 - Use a graphing calculator to solve these...Ch. 2.5 - Profit An analyst has found that her companys...Ch. 2.5 - Prob. 42ECh. 2.5 - Prob. 43ECh. 2.5 - Prob. 44ECh. 2.CR - Prob. 1CRCh. 2.CR - Prob. 2CRCh. 2.CR - Sketch the graph of each equation. 5x3y=15Ch. 2.CR - Prob. 4CRCh. 2.CR - Sketch the graph of each equation. y+3=0Ch. 2.CR - Prob. 6CRCh. 2.CR - Prob. 7CRCh. 2.CR - Prob. 8CRCh. 2.CR - Prob. 9CRCh. 2.CR - Prob. 10CRCh. 2.CR - Prob. 11CRCh. 2.CR - Prob. 12CRCh. 2.CR - Prob. 13CRCh. 2.CR - Prob. 14CRCh. 2.CR - Prob. 15CRCh. 2.CR - Prob. 16CRCh. 2.CR - Prob. 17CRCh. 2.CR - Prob. 18CRCh. 2.CR - Prob. 19CRCh. 2.CR - Prob. 20CRCh. 2.CR - Prob. 21CRCh. 2.CR - Prob. 22CRCh. 2.CR - Prob. 23CRCh. 2.CR - Prob. 24CRCh. 2.CR - Prob. 25CRCh. 2.CR - Prob. 26CRCh. 2.CR - Prob. 27CRCh. 2.CR - Prob. 28CRCh. 2.CR - Prob. 29CRCh. 2.CR - Prob. 30CRCh. 2.CR - Prob. 31CRCh. 2.CR - Prob. 32CRCh. 2.CR - Prob. 33CRCh. 2.CR - Prob. 34CRCh. 2.CR - Prob. 35CRCh. 2.CR - Prob. 36CRCh. 2.CR - Two-Year School Tuition The following table shows...Ch. 2.CR - Four-Year School Tuition The following table shows...Ch. 2.CR - Prob. 39CRCh. 2.CR - Prob. 40CRCh. 2.CR - Prob. 41CRCh. 2.CR - Prob. 42CRCh. 2.CR - Prob. 43CRCh. 2.CR - Prob. 44CRCh. 2.CR - Prob. 45CRCh. 2.CR - Prob. 46CRCh. 2.CR - Prob. 47CRCh. 2.CR - Prob. 48CRCh. 2.CR - Prob. 49CRCh. 2.CR - Prob. 50CRCh. 2.CR - Prob. 51CRCh. 2.CR - Prob. 52CRCh. 2.CR - Prob. 53CRCh. 2.CR - Prob. 54CRCh. 2.CR - Prob. 55CRCh. 2.CR - Prob. 56CRCh. 2.CR - Prob. 57CRCh. 2.CR - Prob. 58CRCh. 2.CR - Prob. 59CRCh. 2.CR - Prob. 60CRCh. 2.CR - Prob. 61CRCh. 2.CR - Prob. 62CRCh. 2.CR - Prob. 63CRCh. 2.CR - Prob. 64CRCh. 2.CR - Prob. 65CRCh. 2.CR - Prob. 66CR
Knowledge Booster
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
- Life Expectancy The following table shows the average life expectancy, in years, of a child born in the given year42 Life expectancy 2005 77.6 2007 78.1 2009 78.5 2011 78.7 2013 78.8 a. Find the equation of the regression line, and explain the meaning of its slope. b. Plot the data points and the regression line. c. Explain in practical terms the meaning of the slope of the regression line. d. Based on the trend of the regression line, what do you predict as the life expectancy of a child born in 2019? e. Based on the trend of the regression line, what do you predict as the life expectancy of a child born in 1580?2300arrow_forwardNoise and Intelligibility Audiologists study the intelligibility of spoken sentences under different noise levels. Intelligibility, the MRT score, is measured as the percent of a spoken sentence that the listener can decipher at a cesl4ain noise level in decibels (dB). The table shows the results of one such test. (a) Make a scatter plot of the data. (b) Find and graph the regression line. (c) Find the correlation coefficient. Is a linear model appropriate? (d) Use the linear model in put (b) to estimate the intelligibility of a sentence at a 94-dB noise level.arrow_forwardFind the equation of the regression line for the following data set. x 1 2 3 y 0 3 4arrow_forward
- Cable TV The following table shows the number C. in millions, of basic subscribers to cable TV in the indicated year These data are from the Statistical Abstract of the United States. Year 1975 1980 1985 1990 1995 2000 C 9.8 17.5 35.4 50.5 60.6 60.6 a. Use regression to find a logistic model for these data. b. By what annual percentage would you expect the number of cable subscribers to grow in the absence of limiting factors? c. The estimated number of subscribers in 2005 was 65.3million. What light does this shed on the model you found in part a?arrow_forwardHOW DO YOU SEE IT? Discuss how well a linear model approximates the data shown in each scatter plot.arrow_forwardXYZ Corporation Stock Prices The following table shows the average stock price, in dollars, of XYZ Corporation in the given month. Month Stock price January 2011 43.71 February 2011 44.22 March 2011 44.44 April 2011 45.17 May 2011 45.97 a. Find the equation of the regression line. Round the regression coefficients to three decimal places. b. Plot the data points and the regression line. c. Explain in practical terms the meaning of the slope of the regression line. d. Based on the trend of the regression line, what do you predict the stock price to be in January 2012? January 2013?arrow_forward
- Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?arrow_forwardWhat is regression analysis? Describe the process of performing regression analysis on a graphing utility.arrow_forwardDemand for Candy Bars In this problem you will determine a linear demand equation that describes the demand for candy bars in your class. Survey your classmates to determine what price they would be willing to pay for a candy bar. Your survey form might look like the sample to the left. a Make a table of the number of respondents who answered yes at each price level. b Make a scatter plot of your data. c Find and graph the regression line y=mp+b, which gives the number of respondents y who would buy a candy bar if the price were p cents. This is the demand equation. Why is the slope m negative? d What is the p-intercept of the demand equation? What does this intercept tell you about pricing candy bars? Would you buy a candy bar from the vending machine in the hallway if the price is as indicated. Price Yes or No 50 75 1.00 1.25 1.50 1.75 2.00arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningElementary Linear Algebra (MindTap Course List)AlgebraISBN:9781305658004Author:Ron LarsonPublisher:Cengage Learning
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningLinear Algebra: A Modern IntroductionAlgebraISBN:9781285463247Author:David PoolePublisher:Cengage Learning
Functions and Change: A Modeling Approach to Coll...
Algebra
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:9781305658004
Author:Ron Larson
Publisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
College Algebra
Algebra
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:Cengage Learning
Linear Algebra: A Modern Introduction
Algebra
ISBN:9781285463247
Author:David Poole
Publisher:Cengage Learning
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