Understandable Statistics: Concepts and Methods
12th Edition
ISBN: 9781337119917
Author: Charles Henry Brase, Corrinne Pellillo Brase
Publisher: Cengage Learning
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- Cellular Phone Subscribers The table shows the numbers of cellular phone subscribers y in millions in the United States from 2008 through 2013. Source: CTIA- The Wireless Association Year200820092010201120122013Number,y270286296316326336 (a) Find the least squares regression line for the data. Let x represent the year, with x=8 corresponding to 2008. (b) Use the linear regression capabilities of a graphing utility to find a linear model for the data. How does this model compare with the model obtained in part a? (c) Use the linear model to create a table of estimated values for y. Compare the estimated values with the actual data.arrow_forwardXYZ Corporation Stock Prices The following table shows the average stock price, in dollars, of XYZ Corporation in the given month. Month Stock price January 2011 43.71 February 2011 44.22 March 2011 44.44 April 2011 45.17 May 2011 45.97 a. Find the equation of the regression line. Round the regression coefficients to three decimal places. 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 the stock price to be in January 2012? January 2013?arrow_forwardDoes the following table represent a linear function ? If so, find the linear equation that models the data.arrow_forward
- A regression was run to determine whether there is arelationship between the diameter of a tree (x, in inches) and the tree’s age (y, in years). Theresults of the regression are given below. Use this topredict the age of a tree with diameter 10 inches. y=ax+ba=6.301b=1.044r=0.970arrow_forwardLife Expectancy The average life expectancy in the United States has been rising steadily over the past few decades, as shown in the table. (a) Make a scatter plot of the data. (b) Find and graph the regression line. (c) Use the linear model you found in part (b) to predict the life expectancy in the year 2006. (d) Search the Internet or your campus library to find the actual 2006 average life expectancy. Compare to your answer in part (c).arrow_forward
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