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The table shows the reduction in costs (in hundreds) after a manager found ways each month to cut back in his store. Identify the best fit mathematical model with its corresponding R value and tell whether it is a good model. Month 3 4. Profit loss 86 82 72 45 15 O quadratic model, 0.997 No, 0.997 is too high an R value. quadratic model, 0.997 Yes, 0.997 is very close to 1. Olinear model, 0.902 No, 0.902 is too high an R- value. Olinear model, 0.902 Yes, 0.902 is very close to 1.

The table shows the reduction in costs (in hundreds) after a manager found ways each month to cut back in his store. Identify the best fit mathematical model with its corresponding R value and tell whether it is a good model. Month 3 4. Profit loss 86 82 72 45 15 O quadratic model, 0.997 No, 0.997 is too high an R value. quadratic model, 0.997 Yes, 0.997 is very close to 1. Olinear model, 0.902 No, 0.902 is too high an R- value. Olinear model, 0.902 Yes, 0.902 is very close to 1.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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Find the best fit mathematical model with its corresponding r^2 value. Is it good?
5. The table shows the reduction in costs (in hundreds) after a manager found ways each month to cut back in his store. Identify the best fit mathematical model with its corresponding R2 value and tell whether it is a good model. Month 3. 4 Profit loss 86 82 72 45 15 O quadratic model, 0.997 No, 0.997 is too high an R value. quadratic model, 0.997 Yes, 0.997 is very close to I. linear model,0.902 No, 0.902 is too high an R- value. linear model, 0.902 Yes, 0.902 is very close to 1.
Transcribed Image Text:5. The table shows the reduction in costs (in hundreds) after a manager found ways each month to cut back in his store. Identify the best fit mathematical model with its corresponding R2 value and tell whether it is a good model. Month 3. 4 Profit loss 86 82 72 45 15 O quadratic model, 0.997 No, 0.997 is too high an R value. quadratic model, 0.997 Yes, 0.997 is very close to I. linear model,0.902 No, 0.902 is too high an R- value. linear model, 0.902 Yes, 0.902 is very close to 1.
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