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Find the predicted value for the population of Detroit in the year 2000 using the regression line. If the known population of Detroit in the year 2000 is about 951 thousand of people, what can you say about your predicted value? Why is it risky to use the least squares line to make the prediction for the next year?

Find the predicted value for the population of Detroit in the year 2000 using the regression line. If the known population of Detroit in the year 2000 is about 951 thousand of people, what can you say about your predicted value? Why is it risky to use the least squares line to make the prediction for the next year?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
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A taosschools.instructure.com uiz: QZ: 11/8/2021 - Progress Check Use the data from the table below for the population of Detroit to answer the following According to official data of www.census.org 2 population of Detroit, MI, is decreasing. Use the data from the table below for the population of Detroit to answer the following questions. Year Population of Detroit, in thousand people 1950 1,850 1960 1,670 1970 1,514 1980 1,203 1990 1,028 Find the predicted value for the population of Detroit in the year 2000 using the regression line. If the known population of Detroit in the year 2000 is about 951 thousand of people, what can you say about your predicted value? Why is it risky to use the least squares line to make the prediction for the next year? Edit View Insert Format Tools Table 12pt v Paragraph B MacBook Air 吕0 F3 F6 F7 F8 F9 F4 F5 2$ % & * 4 7 8 E T Y U #3
Transcribed Image Text:A taosschools.instructure.com uiz: QZ: 11/8/2021 - Progress Check Use the data from the table below for the population of Detroit to answer the following According to official data of www.census.org 2 population of Detroit, MI, is decreasing. Use the data from the table below for the population of Detroit to answer the following questions. Year Population of Detroit, in thousand people 1950 1,850 1960 1,670 1970 1,514 1980 1,203 1990 1,028 Find the predicted value for the population of Detroit in the year 2000 using the regression line. If the known population of Detroit in the year 2000 is about 951 thousand of people, what can you say about your predicted value? Why is it risky to use the least squares line to make the prediction for the next year? Edit View Insert Format Tools Table 12pt v Paragraph B MacBook Air 吕0 F3 F6 F7 F8 F9 F4 F5 2$ % & * 4 7 8 E T Y U #3
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