Chapter 12: Q.12.7 (page 694)
For a given line of best fit, you compute that using data points, and the critical value is . Can the line be used for prediction? Why or why not?
Short Answer
Yes. The line can not be used for prediction because .
Chapter 12: Q.12.7 (page 694)
For a given line of best fit, you compute that using data points, and the critical value is . Can the line be used for prediction? Why or why not?
Yes. The line can not be used for prediction because .
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Get started for freeA credit card company charges \(10 when a payment is late, and \)5 a day each day the payment remains unpaid.
Does the graph show a linear equation? Why or why not?
58. 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.
Use the following information to answer the next five exercises. A random sample of ten professional athletes produced the following data where is the number of endorsements the player has and is the amount of money made (in millions of dollars)
x | y | x | y |
0 | 2 | 5 | 12 |
3 | 8 | 4 | 9 |
2 | 7 | 3 | 9 |
1 | 3 | 0 | 3 |
5 | 13 | 4 | 10 |
.When and,are the data significant? Explain
What would you predict the sales to be on day ?
Use the following information to answer the next two exercises. The price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of stock for Shipment Express is where is the number of hours passed in an eight-hour day of trading.
If you owned this stock, would you want a positive or negative slope? Why?
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