Concept explainers
Social Website Popularity: Pinterest The following table shows the popularity of Pinterest among social media sites as rated by StatCounter.com:35
Year t (year since start of 2008) | 3 | 4 | 5 |
Pinterest Popularity
|
0.0 | 6.5 | 13.0 |
Which of the following kinds of models would best fit the given data? Explain your choice of model. (A, a, b, c, and m are constants.)
(A)
(B)
(C)
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Finite Mathematics
- 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?2300arrow_forwardTEST YOUR UNDERSTANDING FOR EXAMPLE 3.6 The following table shows hypothetical enrollment E at a college t years after 2012. t = years since 2012 0 1 2 3 4 E = enrollment 8641 8975 9309 9643 9977 Show that the data are linear, and find a linear model for the data.arrow_forwardDemand for Candy Bars In this problem you will determine a linear demand equation that describes the demand for candy bars in your class. Survey your classmates to determine what price they would be willing to pay for a candy bar. Your survey form might look like the sample to the left. a Make a table of the number of respondents who answered yes at each price level. b Make a scatter plot of your data. c Find and graph the regression line y=mp+b, which gives the number of respondents y who would buy a candy bar if the price were p cents. This is the demand equation. Why is the slope m negative? d What is the p-intercept of the demand equation? What does this intercept tell you about pricing candy bars? Would you buy a candy bar from the vending machine in the hallway if the price is as indicated. Price Yes or No 50 75 1.00 1.25 1.50 1.75 2.00arrow_forward
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