document.write( "Question 1176844: The table below shows the value,V, of an investment (in dollars) n years after 1994.\r
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document.write( "n 1 3 7 12 14 19
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document.write( "V(n)5513 5820.22 6791 8091.68 8282 8879.65\r
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document.write( "Based on this regression model, the value of this investment was $ in the year 1994\r
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document.write( "Based on the regression model, the value of this investment is increasing
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document.write( "at a rate of $ per year.
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Algebra.Com's Answer #804999 by Theo(13342)![]() ![]() You can put this solution on YOUR website! usng the alcula statistical calculator, i get the following result.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "placing the data on an excel spreadsheet, i get the following result.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the linear regression formula was rounded to:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "y = 199.78 * x + 5364.96\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the same equation could also be shown as:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "y = 5364.96 + 199.78 * x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the base year is 1994 which corresponds to x = 0.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the value of the investment in 1994 is estimated to be 5364.96 based on the regression formula.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "that would be the y-intercept on the graph which is the value of y when x = 0.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the average increase in the investment per year would be 199.78 based on the regression formula.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the format of the regression formula is a straight line. \n" ); document.write( "the general form of the straight line is y = mx + b. \n" ); document.write( "m is the slope \n" ); document.write( "b is the y-intercept.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the slope is the average change per year. \n" ); document.write( "the y-intercept is the value of y when the value of x = 0. \n" ); document.write( "the value of x = 0 corresponds to the year 1994.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |