Concept explainers
Reminder Round all answers to two decimal places unless otherwise indicated.
Further Analysis of Population Growth This is a continuation of Exercise 3. Our goal is to make an exponential model or the data and use it to get a more accurate estimate of the rate of change in population in 1955.
a. Use regression to obtain an exponential model for population growth. (For details on the method used here, see Section
b. Use the formula you found in part a to get
c. How does your answer from part b of this exercise compare with your answer from part a of exercise 3? Does this agree with your answer in part
Population Growth The following table shows the population of reindeer on an island as of the given year.
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We let
a. Approximate
b. Use your work from part
c. The number you calculated in part
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- 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. 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. 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_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. National Health Care SpendingThe following table shows national health care costs, measured in billions of dollars. Date 1970 1980 1990 2000 2010 Costs, in billions 75 253 714 1353 2570 a.Plot the data. b.Find an exponential function that approximates the data for health care costs. c.By what percentage per year were national health care costs increasing during the period from 1970 through 2010? d.Use functional notation to express how much money was spent on health care in the year 2011, and then estimate that value.arrow_forward
- Round all answers to two decimal places. InflationDuring a certain period, the price of a bag of groceries grows by about 3 each year. Which regression model should be used to approximate the price of a bag of groceries as a function of time: linear or exponential?arrow_forwardRound all answers to two decimal places. Population GrowthA population of deer is introduced into a region with abundant resources. Which of the regression model should be used to approximate the population data over data over time: linear or exponential.arrow_forwardSpecial Rounding Instructions When you perform logistic regression, round the r value to three decimal places and the other parameters to two decimal places. Round all answers to two decimal places unless other-wise indicated. PTA Participation A school board has a plan to increase participation in the PTA. Currently only about 25 parents attend meetings. Suppose the school board plan results in logistic growth of attendance. The school board believes that its plan can eventually lead to an attendance level of 50 parents. In the absence of limiting factors, the school board believes that its plan can increase participation by 10 each month. Let m denote the number of months since the participation plan was put in place, and let P be the number of parents attending PTA meetings. a. What is the carrying capacity K for a logistic model of P versus m? b. Find the constant b for a logistic model. c. Find the r value for a logistic model. Round your answer to three decimal places. d. Find a logistic model for P versus m.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. Medicare ExpendituresThe following table is from the Centers for Medicare that is, M=1000?arrow_forwardSpecial Rounding Instructions When you perform logistic regression, round the r value to three decimal places and the other parameters to two decimal places. Round all answers to two decimal places unless other-wise indicated. African Bees There are 3600 commercial bee hives in a region threatened by African bees. Today African bees have taken over 50 hives. Experience in other areas shows that, in the absence of limiting factors, the African bees will increase the number of hives they take over by 30 each year. Make a logistic model that shows the number of hives taken over by African bees after t years, and determine how long it will be before 1800 hives are affected.arrow_forwardSpecial Rounding Instructions When you perform logistic regression, round the r value to three decimal places and the other parameters to two decimal places. Round all answers to two decimal places unless other-wise indicated. Natural Gas Production The following table shows natural gas production N in trillions of cubic feet in the United states t years after 1940. t=yearssince1940 N=cubicft.intrilliions 0 3.75 10 8.48 20 15.09 30 23.79 40 21.87 50 21.52 60 24.15 a. Make a logistic model for N as a function of t. b. Graph the data and the logistic model. c. Which years production was farthest from the prediction of the logistic model? d. What does the logistic model predict for the amount of natural gas that will be produced in the long run? Note: In other contexts, this would be known as the carrying capacity..arrow_forward
- Special Rounding Instructions When you perform logistic regression, round the r value to three decimal places and the other parameters to two decimal places. Round all answers to two decimal places unless other-wise indicated. An Epidemic In a city of half a million, there are initially 800 cases of a particularly virulent strain of flu. The Centers for Disease Control and Prevention in Atlanta claims that the cumulative number of infections with this flu strain will increase by 40 per week if there are no limiting factors. Make a logistic model of the potential cumulative number of cases of flu as a function of weeks from initial outbreak, and determine how long it will be before 100, 000 people are infected.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_forwardSpecial Rounding Instructions When you perform logistic regression, round the r value to three decimal places and the other parameters to two decimal places. Round all answers to two decimal places unless other-wise indicated. Fluorescent Bulbs Compact fluorescent light bulbs save energy when compared with traditional incandescent bulbs. Our green energy campaign includes efforts to get local residents to exchange their incandescent bulbs fur fluorescent bulbs. Initially 200 households make the change. Market studies suggest that, in the absence of limiting factors, we could increase that number by 25 each month. In our target area, there are 250,000 households, which we take as the limiting value. Make a logistic model that gives the number of households converting to fluorescent bulbs after t months.arrow_forward
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