The table shows the numbers N (in millions) of television sets in U.S. households from 2000 through 2006.1 Year Television sets, N 2000 245 2001 248 2002 254 2003 260 2004 268 2005 287 2006 301 (a) Use the regression feature of a graphing utility to find the equation of the least squares regression line that fits the data. Let t = 0 represent 2000. (Round the slope and y- intercept to two decimal places.) N = (b) Use the graphing utility to create a scatter plot of the data. Then graph the model you found in part (a) and the scatter plot in the same viewing window. How closely does the model represent the data? O The model is a good fit to the actual data. O The model is not a good fit to the actual data. (c) Use the model to estimate the number of television sets in U.S. households in 2007. (Round your answer to one decimal place.) N = million (d) Use vou

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Inner Product Spaces
Section5.4: Mathematical Models And Least Squares Analysis
Problem 40E
icon
Related questions
icon
Concept explainers
Question
The table shows the numbers N (in millions) of television sets in U.S. households from 2000 through 2006.t
Year
Television sets, N
2000
245
2001
248
2002
254
2003
260
2004
268
2005
287
2006
301
(a) Use the regression feature of a graphing utility to find the equation of the least squares regression line that fits the data. Let t = 0 represent 2000. (Round the slope and y-
intercept to two decimal places.)
N =
(b) Use the graphing utility to create a scatter plot of the data. Then graph the model you found in part (a) and the scatter plot in the same viewing window. How closely does the
model represent the data?
O The model is a good fit to the actual data.
O The model is not a good fit to the actual data.
(c) Use the model to estimate the number
television sets in U.S. households in 2007. (Round your answer to one decimal place.)
N =
million
(d) Use your school's library, the Internet, or some other reference source to analyze the accuracy of the estimate in part (c).
Transcribed Image Text:The table shows the numbers N (in millions) of television sets in U.S. households from 2000 through 2006.t Year Television sets, N 2000 245 2001 248 2002 254 2003 260 2004 268 2005 287 2006 301 (a) Use the regression feature of a graphing utility to find the equation of the least squares regression line that fits the data. Let t = 0 represent 2000. (Round the slope and y- intercept to two decimal places.) N = (b) Use the graphing utility to create a scatter plot of the data. Then graph the model you found in part (a) and the scatter plot in the same viewing window. How closely does the model represent the data? O The model is a good fit to the actual data. O The model is not a good fit to the actual data. (c) Use the model to estimate the number television sets in U.S. households in 2007. (Round your answer to one decimal place.) N = million (d) Use your school's library, the Internet, or some other reference source to analyze the accuracy of the estimate in part (c).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, geometry and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning