Solved: Modeling Data Outlays for national defense (in billions of dollars) for selected
Chapter 4, Problem 33(choose chapter or problem)
Modeling Data Outlays for national defense (in billions of dollars) for selected years from 1970 through 1999 are shown in the table, where is time in years, with corresponding to 1970. (Source: U.S. Office of Management and Budget) (a) Use the regression capabilities of a graphing utility to fit a model of the form to the data. (b) Use a graphing utility to plot the data and graph the model. (c) For the years shown in the table, when does the model indicate that the outlay for national defense is at a maximum? When is it at a minimum? (d) For the years shown in the table, when does the model indicate that the outlay for national defense is increasing at the greatest rate?
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