The table shows the reduction in costs (in hundreds) after a manager found ways each month to cut back in his store. Identify the best fit mathematical model with its corresponding R value and tell whether it is a good model. Month 3 4. Profit loss 86 82 72 45 15 O quadratic model, 0.997 No, 0.997 is too high an R value. quadratic model, 0.997 Yes, 0.997 is very close to 1. Olinear model, 0.902 No, 0.902 is too high an R- value. Olinear model, 0.902 Yes, 0.902 is very close to 1.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.59TI: The manufacturer of a weight training bench spends $15 to build each bench and sells them for $32....
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Find the best fit mathematical model with its corresponding r^2 value. Is it good?
5. The table shows the reduction in costs (in hundreds) after a manager found ways each month to
cut back in his store. Identify the best fit mathematical model with its corresponding R2 value
and tell whether it is a good model.
Month
3.
4
Profit loss
86
82
72
45
15
O quadratic model, 0.997
No, 0.997 is too high an R value.
quadratic model, 0.997
Yes, 0.997 is very close to I.
linear model,0.902
No, 0.902 is too high an R- value.
linear model, 0.902
Yes, 0.902 is very close to 1.
Transcribed Image Text:5. The table shows the reduction in costs (in hundreds) after a manager found ways each month to cut back in his store. Identify the best fit mathematical model with its corresponding R2 value and tell whether it is a good model. Month 3. 4 Profit loss 86 82 72 45 15 O quadratic model, 0.997 No, 0.997 is too high an R value. quadratic model, 0.997 Yes, 0.997 is very close to I. linear model,0.902 No, 0.902 is too high an R- value. linear model, 0.902 Yes, 0.902 is very close to 1.
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