Intro Stats + New Mylab Statistics With Pearson Etext:
5th Edition
ISBN: 9780134210230
Author: De Veaux, Richard D.
Publisher: Pearson College Div
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Question
Chapter R, Problem 2.47RE
a.
To determine
Find the appropriate interpretation of the coefficient of logarithm of sales.
b.
To determine
Find the appropriate interpretation of the coefficient of logarithm of banks.
c.
To determine
Explain whether the uses of variable Banks is appropriate for these data.
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Intro Stats + New Mylab Statistics With Pearson Etext:
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- Logistic Population growth the table and scatter plot give the population of black flies in a closed laboratory container over an 18 day period. (a) Use the logistic command on your calculator to find a logistic model for these data. (b) Use the model to estimate the time when there were 400 flies in the containerarrow_forwardCable TV The following table shows the number C. in millions, of basic subscribers to cable TV in the indicated year These data are from the Statistical Abstract of the United States. Year 1975 1980 1985 1990 1995 2000 C 9.8 17.5 35.4 50.5 60.6 60.6 a. Use regression to find a logistic model for these data. b. By what annual percentage would you expect the number of cable subscribers to grow in the absence of limiting factors? c. The estimated number of subscribers in 2005 was 65.3million. What light does this shed on the model you found in part a?arrow_forwardModeling Human Height with a Logistic Function A male child is 21inches long at birth and grows to an adult height of 73inches. In this exercise, we make a logistic model of his height as a function of age. a. Use the given information to find K and b for the logistic model. b. Suppose he reaches 95 of his adult height at age 16. Use this information and that from part a to find r. Suggestion: You will need to use either the crossing-graphs method or some algebra involving the logarithm. c. Make a logistic model for his height H, in inches, as a function of his age t, in years. d. According to the logistic model, at what age is he growing the fastest? e. Is your answer to part d consistent with your knowledge of how humans grow?arrow_forward
- A Population of Foxes A breeding group of foxes is introduced into a protected are and exhibits logistic population growth. After t years, the number of foxes is given by N(t)=37.50.25+0.76t foxes. a. How many foxes were introduced into the protected area? b. Calculate N(5) and explain the meaning of the number you have calculated. c. Explain how the population varies with time. Include in your explanation the average rate of increase over the first 10-year period and the average rate of increase over the second 10-year period. d. Find the carrying capacity for foxes in the protected area. e. As we saw in the discussion of terminal velocity for a skydiver, the question of when the carrying capacity is reached may lead to an involved discussion. We ask the question differently. When is 99 of carrying capacity reached?arrow_forwardLong-Term Data and the Carrying Capacity This is a continuation of Exercise 13. Ideally, logistic data grow toward the carrying capacity but never go beyond this limiting value. The following table shows additional data on paramecium cells. t 12 13 14 15 16 17 18 19 20 N 610 513 593 557 560 522 565 517 500 a. Add these data to the graph in part b of Exercise 13. b. Comment on the relationship of the data to the carrying capacity. Paramecium Cells The following table is adapted from a paramecium culture experiment conducted by Cause in 1934. The data show the paramecium population N as a function of time t in days. T 2 3 5 6 8 9 10 11 N 14 34 94 189 330 416 507 580 a. Use regression to find a logistic model for this population. b. Make a graph of the model you found in part a. c. According to the model you made in part a, when would the population reach 450?arrow_forwardTEST YOUR UNDERSTANDING Another fish population follows the logistic function N=6.21+188e0.44tmilliontons What is the carrying capacity? What is the initial population? In the absence of limiting factors, what would be the annual percentage growth rate?arrow_forward
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