Answered: Use the following sales data: Week…

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

Chapter3: Straight Lines And Linear Functions

Section3.CR: Chapter Review Exercises

Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...

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Question

Use the following sales data:

Week Sales

1 30

2 35

3 56

4 85

5 95

6 45

7 65

8 74

9 73

10 39

Use naive method, a three-period moving average and exponential smoothing with an a=0.35 for forecast sales

Compare the forecasts using MSE and MAD. Explain which one is the best.

Make a forecast for weeks 11 and week 12 by using the optimal method.

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Find the equation of the regression line for the following data set. x 1 2 3 y 0 3 4
Life Expectancy The following table shows the average life expectancy, in years, of a child born in the given year42 Life expectancy 2005 77.6 2007 78.1 2009 78.5 2011 78.7 2013 78.8 a. Find the equation of the regression line, and explain the meaning of its slope. 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 as the life expectancy of a child born in 2019? e. Based on the trend of the regression line, what do you predict as the life expectancy of a child born in 1580?2300
Cell Phone Plans Gwendolyn is mulling over the three cell phone plans shown in the table. Gigabytes GB of data included Monthly Cost Each additional megabytes MB Plan A Plan B Plan C 1 1 1 25.00 40.00 60.00 2.00 1.50 1.00 From past experience, Gwendolyn knows that she will always use more than 1GB of cell phone data every month. aMake table of values that shows the cost of each plan for 1 GB to 4 GB, in 500 MB increments. bFind formulas that give Gwendolyns monthly cost for each plan, assuming that she uses x gigabytes of data per month where x1. cWhat is the charge from each plan when Gwendolyn uses 2.2 GB? 3.7 GB? 4.9 GB? d Use your formulas from part b to determine the number of gigabytes of data usage for which: (i) Plan A and Plan B give the same cost. (ii) Plan A and Plan C give the same cost. (iii) Plan B and Plan C give the same cost.

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