Solution) For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in tr
Question: For exercises 1-8, use the data in the table, which shows the personal incoMeand outlays (both in trillions of dollars) for Americans for 11 recent years.
Personal Income x | Personal outlay, y |
5.6 | 4.6 |
5.8 | 4.9 |
6.2 | 5.2 |
6.5 | 5.5 |
6.9 | 5.8 |
7.4 | 6.1 |
7.8 | 6.5 |
8.4 | 7 |
8.7 | 7.3 |
8.9 | 7.7 |
9.2 | 8 |
The equation used to predict sunflower yield (in pounds) is
\[\hat{y}=1257-1.34{{x}_{1}}+1.41{{x}_{2}}\]where \({{x}_{1}}\) is the number of acres planted (in thousands) and \({{x}_{2}}\) is the number of acres harvested (in thousands). Use the regression equation to predict the y-values for the given values of the independent variable listed below. Then determine which variable has a greater influence on the value of \(y\)
(a) \({{x}_{1}}=2103,\text{ }{{x}_{2}}=2037\) (b) \({{x}_{1}}=3387,\text{ }{{x}_{2}}=3009\)
(c) \({{x}_{1}}=2185,\text{ }{{x}_{2}}=1980\) (d) \({{x}_{1}}=3485,\text{ }{{x}_{2}}=3404\)
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Solution: The answer consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
