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The United States gross national product, in trillions of dollars, is given in the table below. Date Gross national product 2010 15.0 2011 15.5 2012 16.2 2013 16.7 (a) Find the equation of the linear regression. (Lett be the number of years since 2010. Round regression line parameters to two decimal places.) G(t) = Explain the meaning of its slope. The slope of the line tells us that each year the gross national product increases by trillion dollars.

The United States gross national product, in trillions of dollars, is given in the table below. Date Gross national product 2010 15.0 2011 15.5 2012 16.2 2013 16.7 (a) Find the equation of the linear regression. (Lett be the number of years since 2010. Round regression line parameters to two decimal places.) G(t) = Explain the meaning of its slope. The slope of the line tells us that each year the gross national product increases by trillion dollars.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.CR: Chapter Review Exercises
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The United States gross national product, in trillions of dollars, is given in the table below.

The United States gross national product, in trillions of dollars, is given in the table below. Date Gross national product 2010 15.0 2011 2012 2013 15.5 16.2 16.7 (a) Find the equation of the linear regression. (Let t be the number of years since 2010. Round regression line parameters to two decimal places.) G(t) = Explain the meaning of its slope. The slope of the line tells us that each year the gross national product increases by trillion dollars.
Transcribed Image Text:The United States gross national product, in trillions of dollars, is given in the table below. Date Gross national product 2010 15.0 2011 2012 2013 15.5 16.2 16.7 (a) Find the equation of the linear regression. (Let t be the number of years since 2010. Round regression line parameters to two decimal places.) G(t) = Explain the meaning of its slope. The slope of the line tells us that each year the gross national product increases by trillion dollars.
(b) Plot the data points and the regression line. G O 17 16 15 14 13 12 G 17 16 15 14 13 12 1 1 2 2 3 t G 17 16 15 14 13 12 G 17 16 15 14H 13 12 1 1 2 2 3 3 t t
Transcribed Image Text:(b) Plot the data points and the regression line. G O 17 16 15 14 13 12 G 17 16 15 14 13 12 1 1 2 2 3 t G 17 16 15 14 13 12 G 17 16 15 14H 13 12 1 1 2 2 3 3 t t
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