Concept explainers
To write: A paragraph discussing the potential accuracy or inaccuracy of the given model.
Answer to Problem 39E
The paragraph is provided below.
Explanation of Solution
Given:
A linear model for predicting prize winnings at a race is based on data for 3 years.
Calculation:
The data provided for 3 years is sufficient enough to predict or discuss the winners of the race for only those specific 3 years but in order to determine the prize winners for any other year, the data for that particular year is also required to make the prediction.
Hence, the given linear model for predicting prize winnings at the race is potentially inaccurate if based only on the data for some specific 3 years and is accurate for predictions for the specific 3 years for which the data is provided.
Chapter 13 Solutions
EBK PRECALCULUS W/LIMITS
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