Chapter 3, Problem 3LC

Using your graphing calculator, make a scatter plot of the data from the table. Then graph your model from Question 2 along with the data. How well does your model fit the data? What could you do to try to improve your model?

Mortgage Rates The following table is taken from the website of Freddie Mac. It shows rates for 30-year fixed-rate mortgages since 1970. y=Year r=Mortgagerate 1975 9.05 1980 13.74 1985 12.43 1990 10.13 1995 7.93 2000 8.05 2005 5.87 2010 4.69 2015 3.84 a. Explain in practical terms the meaning of r(2003). b. Use the table to estimate the value of r(2003).

Running Speed A man is running around a circular track that is 200 m in circumference. An observer uses a stopwatch to record the runner’s time at the each of each lap, obtaining the data in the following table. (a) What was the man’s average speed (rate) between 68 s and 152 s? (b) What was the man’s average speed between 263 s and 412 s? (c) Calculate the man’s speed for cadi lap, Is he slowing down, speeding up, or neither?