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College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter5: Systems Of Equations And Inequalities

Section5.2: Systems Of Linear Equations In Several Variables

Problem 47E

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Question

While performing searches on the Internet to find accommodation, Jasmine realized that the cost of a housing unit seems to be related to the number of inhabitants of the municipality where the unit is located. She noted the following data. She represented the data in a scatter plot, where she drew a line of best fit passing through the mean point of the distribution. If Jasmine considers that a linear correlation exists between these two variables, what should be the mean monthly rent of a 4½-room unit in a municipality with a population of approximately 250 000? Justify your answer algebraically.

Number of
Mean Monthly Rent of a
42-Room Unit ($)
Inhabitants
18 200
810
31 100
600
11 800
520
213 400
710
9 600
675
143 600
625
314 000
800
126 300
555
147 400
740
8 900
545
491 100
950
242 100
890
46 400
815
368 700
875
33 700
800
76 200
750

Housing Search
Mean Monthly Rent
of a 4%-Room Unit
(S) 1000
006
Mean point
800
700
600
500
400
100 000 200 000 300 000 400 000 500 000
Population
(Inhabitants)

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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