For the following exercises, consider this scenario: The profit of a company increased steadily over a ten-year span. Thefollowing ordered pairs show the number of units sold in hundreds and the profit in thousands of over the ten-yearspan, (number of units sold, profit) for specific recorded years:
Predict when the profit will exceed one milliondollars.
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- For the following exercises, consider this scenario: The profit of a company increased steadily over a ten-year span. Thefollowing ordered pairs show the number of units sold in hundreds and the profit in thousands of over the ten-yearspan, (number of units sold, profit) for specific recorded years: (46,250),(48,305),(50,350),(52,390),(54,410). Use linear regression to determine a function y,where the profit in thousands of dollars depends onthe number of units sold in hundreds.arrow_forwardFor the following exercises, consider this scenario: The population of a city increased steadily over a ten-year span. Thefollowing ordered pairs shows the population (in hundreds) and the year over the ten-year span, (population, year) forspecific recorded years: (4,500,2000);(4,700,2001);(5,200,2003);(5,800,2006) Use linear regression to determine a function y, where the year depends on the population. Round to threedecimal places of accuracy.arrow_forwardFor the following exercises, consider this scenario: The population of a city increased steadily over a ten-year span. Thefollowing ordered pairs shows the population (in hundreds) and the year overthe ten-year span, (population, year) forspecific recorded years: (4,500,2000);(4,700,2001);(5,200,2003);(5,800,2006) Predict when the population will hit 20,000.arrow_forward
- For the following exercises, consider this scenario: The population of a city increased steadily over a ten-year span. Thefollowing ordered pairs shows the population (in hundreds) and the year overthe ten-year span, (population, year) forspecific recorded years: (4,500,2000);(4,700,2001);(5,200,2003);(5,800,2006) What is the correlation coefficient for this model?arrow_forwardFor the following exercises, consider this scenario: The profit of a company decreased steadily overa ten-year span.The following ordered pairs show dollars and the number of units sold in hundreds and the profit in thousands ofover the ten-year span (number of units sold, profit) for specific recorded years: (46,250),(48,305),(50,350),(52,390),(54,410). Use linear regression to determine a function y,where the profit in thousands of dollars depends onthe number of units sold in hundreds.arrow_forwardFor the following exercises, consider this scenario: The profit of a company decreased steadily over a ten-year span.The following ordered pairs show dollars and the number of units sold in hundreds and the profit in thousands ofover the ten-year span (number of units sold, profit) for specific recorded years: (46,250),(48,305),(50,350),(52,390),(54,410). Predict when the profit will dip below the $25,000threshold.arrow_forward
- For the following exercises, consider this scenario: The population of a city increased steadily overa ten-year span. The following ordered pairs show the population and the year over the ten-year span (population, year) for specific recorded years: (3,600,2000);(4,000,2001);(4,700,2003);(6,000,2006) 45. According to the model, what is the populationin 2014?arrow_forwardFor the following exercises, consider this scenario: The profit of a company decreased steadily over a ten-year spam.The following ordered pairs shows dollars and the number of units sold in hundreds and the profit in thousands of over the ten-year span, (number of units sold, profit) for specific recorded years: (46,600),(48,550),(50,505),(52,540),(54,495). Find to the nearest tenth and interpret they-intercept.arrow_forwardFor the following exercises, consider this scenario: The number of people afflicted with the common cold in the winter months steadily decreased by 205 each year from 2005 until 2010. In 2005, 12,025 people were afflicted. When will the output reach 0?arrow_forward
- For the following exercises, consider this scenario: The population of a city increased steadily over a ten-year span. The following ordered pairs show the population and the year over the ten-year span (population, year) for specific recorded years: Predict when the population will hit 12,000.arrow_forwardFor the following exercises, consider this scenario: The profit of a company decreased steadily over a ten-year spam.The following ordered pairs shows dollars and the number of units sold in hundreds and the profit in thousands ofover the ten-year span, (number of units sold, profit) for specific recorded years: (46,600),(48,550),(50,505),(52,540),(54,495). 35. Find to the nearest tenth and interpret thex-intercept.arrow_forwardFor the following exercises, use this scenario: A wireless carrier offers the following plans that a person is considering. The Family Plan: $90 monthly tee, unlimited talk and text on up to 8 lines, and data charges of $40 for each device for up to 2 GB of data per device. The Mobile Share Plan: $120 monthly fee for up to 10 devices, unlimited talk and text for all the lines, and data charges of $35 for each device up to a shared total of 10 GB of data. Use P for the number of devices that need data plans as part of their cost. 16. If a family has 3 smart phones, which plan should, they choose?arrow_forward