MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- (Medicare). The annual expenditures for Medicare (in billions of dollars) by the US Government for selected years since 1980 are shown in Table 4. Let x represent the years since 1980. (Use 4 decimal places in all answers.) Table 4: Medicare Expenditures Year Billion $ 1980 37 1985 72 1990 111 1995 181 2000 197 2005 330 A. Find the exponential regression model for the data.M(x) = B. What is the r2 value for this model?r2 = C. Extimate (to the nearest billion) the expenditures in 2008?The Medicare expenditures in 2008 were about $ billion.arrow_forwardThe following chart shows the actual sales for the last 12 months for a given company. Assume that sales are best fit by a linear trend and you can use single linear regression to set up a forecasting model. Using the sales data answer below questions (justify your answers): A.What would be the typical linear regression equation for the number of sales? B.Make the sales forecast for period 15 of next year. C. Make the sales forecast for period 17 of next year. D. What is the standard error for the data?arrow_forwardTable 3 gives the market value of a luxury sedan (in dollars) xyears after its purchase. Find an exponential regression model of the form y= ab* for this data set. Estimate the purchase price of the sedan. Estimate the value of the sedan 10 years after its purchase. Round answers to the nearest dollar. TABLE 3 Value ($) 1 23,125 19,050 3 15,625 11,875 5 9,450 6 7,125 2.arrow_forward
- In linear regression analysis, the coefficient for the x-variable when the y-variable is regressed on the x-variable can be thought of as: Note: more than one answer may be correct Group of answer choices How much the value of the predicted y-variable will change when the x-variable changes by one unit. In the simple (two variable) linear regression model, the coefficient can be thought as the slope coefficient that measures the responsiveness of y to changes in x. The estimated coefficient will change if the sample containing x and y changes. The sample coefficient is an estimate of the population coefficient Before interpreting the coefficient for the x-variable, we should test whether the coefficient is statistically significant.arrow_forwardThe percentage of adults who smoke in America is given below. Year America 1970 37.4 mon n 1980 33.2 1990 25.3 2000 23.1 2010 19.4 a) Write the linear regression model for A(x), representing the percentage of adult smokers in America x years since 1970. [Use your calculator OR Desmos to find the equation, Round coefficients to the nearest 100"] b) What is the slope of A(x)? Explain its meaning. c) Solve A(x) = 15. Show your work. Explain the meaning of your answer. d) Suppose in 2005, there were approximately 200 million adults in America. Use your model to estimate how many were smokers. Show how you get your answer.arrow_forwardThe following table shows the approximate amount of trash produced in an industrialized country from 1980 to 2000. Let x represent the year after 1980 (1980 is year 0) and y represent the amount of trash (millions of tons). Year Million Tons 1980 150 1990 202 2000 220 (a) Draw the graph for this data. (b) Find the equation of the regression line for the data. (Round your answers to one decimal place.)y = x + (c) Use the equation to predict the amount of trash y that will be produced in 2010 and 2015. (Round your answers to one decimal place.) 2010: _______million tons 2015: _______ million tonsarrow_forward
- The table shows a country's average fuel consumption for "light duty" vehicles (passenger cars and small trucks) for several years. Let x be the number of years since 1985, so that x = 5 stands for 1990 and so forth. Year Fuel Economy (mpg) 1990 16.9 1995 17.7 2000 18.3 (a) Find the linear regression model for these data. What does the slope in the regression model represent? 2005 18.9 (b) Use the linear regression model to predict the country's average fuel economy for light duty vehicles in the year 2035. 2010 19.6 (a) Find the linear regression model for these data. Choose the correct answer below. (Use integers or decimals for any numbers in the equation. Round to the nearest hundredth as needed.)arrow_forwardThe average top ticket price for Broadway musicals has increased dramatically between 1975 and 2003. 1985 1998 2000 2003 72.83 118.97 130.15 44.99 Year Average Ticket Price 1975 13.63 a. Using the data in the table, find the linear regression equation that best fits the data. (Let x = 0 represent the number of years since 1970.) y = (Round values to three decimal places.) b. Predict the average top ticket price for Broadway musicals in the year 2012 if the price continues to increase at the same rate. (Let x represent the number of years since 1970.) (Round to two decimal places.) c. Find the rate at which the price is rising. per year (Round to two decimal places.)arrow_forward
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