Concept explainers
Special Rounding Instructions For this exercise set, round all regression parameters to three decimal places but round all other answers to two decimal places unless otherwise indicated.
Grazing Rabbits The amount
27 | 0.16 |
36 | 0.12 |
89 | 0.07 |
134 | 0.05 |
245 | 0.01 |
a. Draw a plot of
b. Find an exponential function that approximates
c. The satiation level of a rabbit is 0.18 pound per day. Use this, together with your work in part b, to find a formula for
d. Find the vegetation level
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FUNCTIONS+CHANGE -WEBASSIGN
- Special Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Cell phones The following table shows the number, in millions, of cell phone subscribers in the United States at the end of the given year. Year Subscribersmillions 2010 296.3 2011 316.0 2012 326.5 2013 335.6 2014 355.4 a.Plot the data points. b.Use exponential regression to construct an exponential model for the subscriber data. c.Add the graph of the exponential model to the plot in part a. d.What was the yearly percentage growth rate from the end of 2010 through the end of 2014 for cell phone subscribership? e.In 2014, an executive had a plan that could make money for the company, provided that there would be at least 380million cell phone subscribers by the end of 2016. Solely on the basis of an exponential model for the data in the table, would it be reasonable for the executive to implement the plan?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_forwardSpecial Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Postal RatesThe table below shows the cost s, in cents, of a domestic first-class postage stamp in the United States tyears after 1900. t=time,inyearssince1900 s=costofstamp 19 2 32 3 58 4 71 8 78 15 85 22 95 32 102 37 109 44 116 47 a.Use exponential regression to model s as an exponential function of t. b.What cost does your model give for a 1988 stamp? Report your answer to the nearest cent. The actual cost was 25cents. c.Plot the data and the exponential model.arrow_forward
- bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.arrow_forwardSpecial Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Household IncomeThe following table shows the median income, in thousands of dollars, of American families for 2003 through 2008. Year Incomethousands of dollars 2003 52.68 2004 54.06 2005 56.19 2006 58.41 2007 61.36 2008 61.52 a.Plot the data. b.Use exponential regression to construct an exponential model for the income data. c.What was the yearly percentage growth rate in median family income during this period? d.From 2003 through 2008, inflation was about 3 per year. Did median family income keep pace with inflation during this period?arrow_forwardSpecial Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Atmospheric Pressure The table below gives a measurement of atmospheric pressure, in grams per square centimeter, at the given altitude, in kilometers. Altitude Atmospheric Pressure 5 569 10 313 15 172 20 95 25 52 For comparison, 1 kilometer is about 0.6 mile, and 1 gram per square centimeter is about 2 pounds per square foot. a.Plot the data on atmospheric pressure. b.Make an exponential model for the data on atmospheric pressure. c.What is the atmospheric pressure at an altitude of 30 kilometers? d.Find the atmospheric pressure on Earths surface. This is termed standard atmospheric pressure. e.At what altitude is the atmospheric pressure equal to 25 of standard atmospheric pressure?arrow_forward
- Special Rounding Instructions. For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Growth in Length of HaddockA study by Raitt showed that the maximum length that a haddock could be expected to grow is about 53centimeters.Let D=D(t) denote the difference between 53centimeters and the length at age t years. The table below gives experimentally collected values for D. Age t Difference D 2 28.2 5 16.1 7 9.5 13 3.3 19 1.0 a.Find an exponential model of D as a function of t. b.Let L=L(t) denote the length in centimeters of a haddock at age t years. Find the model for L as a function of t. c.Plot the graph of the experimentally gathered data for the length L at ages 2,5,7,13, and 19years along with the graph of the model you made for L. Does this graph show that the 5year old haddock is a bit shorter or a bit longer than would be expected? d.A fisherman has caught a haddock that measures 41centimeters. What is the approximate age of the haddock?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_forwardSpecial Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Cost of Scientific periodicals The table below shows the average cost C, in dollars, of chemistry and physics periodicals tyears after 1980. 29 t=yearssince1980 C=cost,indollars 0 140 5 250 10 410 15 780 20 1300 22 1520 a.Make an exponential model of C as a function of t. b.Plot the data and the exponential model. c.What was the yearly percentage growth rate of the cost of chemistry and physics periodicals? d.If this exponential trend continues, what will be the expected average cost of physics and chemistry periodicals in 2020? Round your answer to the nearest dollar.arrow_forward
- Special Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Design Patents The following table shows the number P of design patents awarded by the U.S. Patents and Trademark Office from 1950 through 2010. t = years since 1950 P = patents 0 4718 10 2543 20 3214 30 3949 40 8024 50 17,413 60 22,799 a.Use exponential regression to model P as a function of t. b.Plot the data along with the regression equation. c.In what years were there more patents awarded than might be expected from the model?arrow_forwardSpecial Rounding Instructions For this exercise set, round all regression parameters to three decimal places, but round all other answers to two decimal places unless otherwise indicated. Gray Wolves in WisconsinGray wolves were among the first mammals protected under the Endangered Species Act in the 1970s. Wolves recolonized in Wisconsin beginning in 1980.Their population grew reliably after 1985 as follows: Year Wolves Year Wolves 1985 15 1993 40 1986 16 1994 57 1987 18 1995 83 1988 28 1996 99 1989 31 1997 145 1990 34 1998 178 1991 40 1999 197 1992 45 2000 266 a. Explain why an exponential model may be appropriate. b. Are these data exactly exponential? Explain. c. Find an exponential model for these data. d. Plot the data and the exponential model. e. Comment on your graph in part d. Which data points are below or above the number predicted by the exponential model?arrow_forwardA Dubious Model of Oil Prices The following table shows the prices of oil in U.S. dollars per barrel, t years since 1990, One analysis involving additional data used a cubic equation to model this data. t Years since 1990 0 2 5 7 10 12 15 17 20 21 P Price, dollars per barrel 18.91 16.22 16.63 18.20 27.04 23.47 49.63 69.04 77.46 106.92 a. Use cubic regression to model these data. Round the regression parameters to four decimal places. b. Plot the data along with the cubic model. c. In the analysis mentioned above, the graph is expanded through 2020. Expand the viewing window to show the model from 1990 to 2020. d. What estimate does the model give for oil prices in 2015? e. The actual price of oil in December of 2015 was about 35 per barrel. What basic principle in the use of models would be violated in relying on the estimate in part d?arrow_forward
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