Table A.5 gives the gross world product, G, which measures global output of goods and services.3 If t is in years since 1950, the regression line for these data is G = 3.543 + 0.734t. (a) Plot the data and the regression line on the same axes. Does the line fit the data well? (b) Interpret the slope of the line in terms of gross world product. (c) Use the regression line to estimate gross world product in 2005 and in 2020. Comment on your confidence in the two predictions. Table A.5 G, in trillions of 1999 dollars Year 1950 1960 1970 1980 1990 2000 G 6.4 10.0 16.3 23.6 31.9 43.2
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Textbook Solutions for Applied Calculus
Question
After the oil crisis in 1973, the average fuel efficiency, E, of cars increased until the early 1990s, when it started to decrease again. (a) Plot the data 13 in Table A.17, using t in years since 1975. If you were to fit a quadratic polynomial to the data, what would be the sign of the leading coefficient? (b) Fit a quadratic polynomial and plot it with the data. Table A.17 Year 1975 1980 1985 1990 1995 2000 E, mpg 13.1 19.2 21.3 21.5 21.1 20.7
Solution
The first step in solving Appendix A problem number 17 trying to solve the problem we have to refer to the textbook question: After the oil crisis in 1973, the average fuel efficiency, E, of cars increased until the early 1990s, when it started to decrease again. (a) Plot the data 13 in Table A.17, using t in years since 1975. If you were to fit a quadratic polynomial to the data, what would be the sign of the leading coefficient? (b) Fit a quadratic polynomial and plot it with the data. Table A.17 Year 1975 1980 1985 1990 1995 2000 E, mpg 13.1 19.2 21.3 21.5 21.1 20.7
From the textbook chapter Problems for Appendix A you will find a few key concepts needed to solve this.
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