A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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Let p be the profit (in millions of dollars) of a company for the year that is t years
since 2000. Some pairs of values of t and p are shown in the following table.
a. Create a scattergram of the data. Then draw a linear model.
Choose the correct scattergram below.
(millions of
dollars)
36
(years)
A.
O B.
AP
40-
1
AP
40-
32
per
28
20
6.
16
teg
0-
10
10
Complete parts a. to d
C.
D.
AP
40-
Ap
40-
ng
0-
10
10
b. Predict when the profit will be $4 million.
The profit will be $4 million in the year
c. What is the p-intercept of the model? What does it mean in this situation?
Select the correct choice below and, if necessary, fillin the answer box to
complete your choice
2022
Click to select your answer(s).
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Transcribed Image Text:Let p be the profit (in millions of dollars) of a company for the year that is t years since 2000. Some pairs of values of t and p are shown in the following table. a. Create a scattergram of the data. Then draw a linear model. Choose the correct scattergram below. (millions of dollars) 36 (years) A. O B. AP 40- 1 AP 40- 32 per 28 20 6. 16 teg 0- 10 10 Complete parts a. to d C. D. AP 40- Ap 40- ng 0- 10 10 b. Predict when the profit will be $4 million. The profit will be $4 million in the year c. What is the p-intercept of the model? What does it mean in this situation? Select the correct choice below and, if necessary, fillin the answer box to complete your choice 2022 Click to select your answer(s).
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