Concept explainers
Remainder Round all answers to two decimal places unless otherwise indicated.
The Effect of Sampling Error on Linear Regression A stream that feeds a lake is flooding, and during this flooding period, the depth of water in the lake is increasing. The actual depth of the water at a certain point in the lake is given by the linear function
|
|
0 | 51.9 |
0.5 | 52.5 |
1 | 52.9 |
1.5 | 53.3 |
2 | 53.7 |
Plot the data points.
Find the equation of the regression line for D as a function of t, and explain in practical terms the meaning of the slope.
Add the graph of the regression line to the plot of the data points.
Add the graph of the depth function
What was the actual depth of the water at t = 3 hours?
What prediction would the hydrologist’s regression line give for the depth of the water at t = 3?
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FUNCTIONS+CHANGE -WEBASSIGN
- A regression was run to determine whether there is arelationship between the diameter of a tree (x, in inches) and the tree’s age (y, in years). Theresults of the regression are given below. Use this topredict the age of a tree with diameter 10 inches. y=ax+ba=6.301b=1.044r=0.970arrow_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_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
- Remainder Round all answers to two decimal places unless otherwise indicated. Domestic Auto Sales in the United States For 2005 through 2008, the following table shows the total U.S. sales, in millions, of domestic automobiles excluding light trucks. Date Domestic cars sold 2005 5.53 2006 5.48 2007 5.25 2008 4.54 a.Get the equation of the regression line rounding parameters to two decimal places, and explain in practical terms the meaning of the slope. In particular, comment on the meaning of the sign of the slope. b.Plot the data points and the regression line. c.In 2009, 3.62 million domestic cars were sold in the United States. How does the forecast obtained from the regression line compare with this figure?arrow_forwardRemainder Round all answers to two decimal places unless otherwise indicated. Cell Phones The following table gives the amount spent on cellular service worldwide, in trillions of U.S. dollars. Round the regression parameters to three decimal places. Date Cellular service revenue 2011 1.01 2012 1.05 2013 1.09 2014 1.11 a.Plot the data points. b.Find the equation of the regression line and add its graph to the plotted data. c.In 2015, 1.14 trillion was spent on cellular service. If you had been a financial strategist in 2014 with only the data in the table above available, what would been your prediction for the amount spent on cellular service in 2015?arrow_forwardaThe average rate of change of a function f between x=a and x=b is the slope of the ___________ line between (a,f(a)) and (b,f(b)).arrow_forward
- Does the following table represent a linear function ? If so, find the linear equation that models the data.arrow_forwardRemainder Round all answers to two decimal places unless otherwise indicated. Long Jump The following table shows the length, in meters, of the winning long jump in the Olympic Games for the indicated year. One meter is 39.37 inches. Year 1900 1904 1908 1912 Length 7.19 7.34 7.48 7.60 a.Find the equation of the regression that gives the length as a function of time. Round the regression line parameters to three decimal places. b.Explain in practical terms the meaning of the slope of the regression line. c.Plot the data points and the regression line. d.Would you expect the regression line formula to be a good model of the winning length over a long period of time? Be sure to explain your reasoning. e.There were no Olympic Games in 1916 because of World War I, but the winning long jump in the 1920 Olympic Games was 7.15 meters. Compare this with the value that the regression line model gives. Is the result consistent with your answer to part d?arrow_forwardRemainder Round all answers to two decimal places otherwise indicated. College Enrollment This is a continuation of Exercise 9. We use the data in the college enrolment table that appears in Exercise 9. a.Find the equation of the regression line model for college enrolment as a function of time, and add its graph to the data plot made in Exercise 9. b.Explain the meaning of the slope of the line you found in part a. c.Express, using functional notation, the enrolment in American private colleges in2010, and then estimate that value. d.Enrollment in American private colleges in 2013 was 5.74 million. Does it appear that the trend established in the mid-2000s was valid in 2013?arrow_forward
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