1. Use the data given to solve the following problems. Savings needed for Health-Care Expenses During Retirement Age at Death Savings Needed 80 $219,000 85 $307,000 90 $409,000 95 $524,000 100 $656,000 Source: Employee Benefit Research Institute a.) Use a graphing calculator or Desmos to create a scatterplot of the data. Upload an image of that b.) Use the graphing utility's regression option to compare the following models: y=ab, y= a + blnx, y= ax+b, and y = axº. Submit a sketch or image of each. c.) Discuss how each of the regression curves in part b fit the data by looking at the correlation constant r.
1. Use the data given to solve the following problems. Savings needed for Health-Care Expenses During Retirement Age at Death Savings Needed 80 $219,000 85 $307,000 90 $409,000 95 $524,000 100 $656,000 Source: Employee Benefit Research Institute a.) Use a graphing calculator or Desmos to create a scatterplot of the data. Upload an image of that b.) Use the graphing utility's regression option to compare the following models: y=ab, y= a + blnx, y= ax+b, and y = axº. Submit a sketch or image of each. c.) Discuss how each of the regression curves in part b fit the data by looking at the correlation constant r.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...
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