Chapter 12: Q.12.1 (page 680)
Is the following an example of a linear equation?
Short Answer
is a linear equation.
Chapter 12: Q.12.1 (page 680)
Is the following an example of a linear equation?
is a linear equation.
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Get started for free58. Piece-rate systems are widely debated incentive payment plans. In a recent study of loan officer effectiveness, the following piece-rate system was examined:
of goal reached | 100 | 120 | ||
Incentive | n/a | with an additional added per percentage point from | with an additional added per percentage point from | with an additional added per percentage point from |
If a loan officer makes of his or her goal, write the linear function that applies based on the incentive plan table. In context, explain the
-intercept and slope.
Find the correlation coefficient.
a. \(r=\)___
53. What effect did the potential outlier have on the line of best fit?
A credit card company charges when a payment is late, and a day each day the payment remains unpaid.
Find the equation that expresses the total fee in terms of the number of days the payment is late.
The maximum discount value of the Entertainment® card for the “Fine Dining” section, Edition ten, for various pages is given in Table 12.21.
a. Decide which variable should be the independent variable and which should be the dependent variable.
b. Draw a scatter plot of the ordered pairs.
c. Calculate the least squares line. Put the equation in the form of: \(\hat{y}=a+bx\)
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