#$&* course Mth158 7/20 4pmAlso, my Chapter R test grades are not on blackboard. I have a notice on my feedback page that says it should be. 020. `* 20
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Given Solution: * * The graph is curved and in fact changes its concavity. The data points will lie first above the best -fit straight line, then as the straight line passes through the data set the data points will lie below this line. ** &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary):OK ------------------------------------------------ Self-critique rating #$&*OK ********************************************* Question: * 4.2.22 / 3.1.90. Sales S vs. advertising expenditures A. 335 339 337 343 341 350 351 vs. 20, 22, 22.5, 24, 24, 27, 28.3 in thousands of dollars.Does the given table describe a function? Why or why not?What two points on your straight line did you pick and what is the resulting equation?What is the meaning of the slope of this line?Give your equation as a function and give the domain of the function.What is the predicted sales if the expenditures is $25,000? Not a function, 24 has two values. ????? I am unsure how to find the line of best fit without using the calculator. I continued the problem using the calculator. Is this acceptable????? The slope is 2.06 y= 2.06x + 292.88 f(x) = 2.06(25) + 292.88 f(25)=51.5 + 292.88 f(25)= 344.85 The table does not describe a function because ordered pairs that have the same first element and a different second element. Specifically 24,000 is paired with both 343,000 and 341,000. Student Solution: I picked the points (20000,335000) (27000,350000). INSTRUCTOR COMMENT: These are data points, not points on the best-fit straight line graph. You should have sketched your line then picked two points on the line, and the line will almost never pass through data points. STUDENT SOLUTION CONTINUED: The slope between these points is slope = (350000-335000)/(27000-20000) = 15000/7000 = 15/7 = 2.143 approximately. Our equation, using this slope and the first chosen point, is therefore y-335000=2.143(x-20000) y- 335 = 2.143x-42857.143 y= 2.143x+29214.857 equation of the line Expressed as a function we have f(x) = 2.143x+292142.857. Predicted sales for expenditure $25000 will be f(25000) = 2.143(25000) + 292142.857 = 53575 + 292142.857 = 345717.857 We therefore have predicted sales f(25000)= $345,717.86 INSTRUCTOR COMMENT: Excellent solution, except for the fact that you used data points and not points on the best-fit line. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary):See question above.
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Given Solution: * * STUDENT SOLUTION WITH INSTRUCTOR COMMENT: I chose the points (5,2) and (10,4) The slope between these points is slope = rise / run = (4-2)/(10-5) = 2/5 so the equation is y-4 = 2/5(x - 10), which we solve for y to get y = 2/5 x. INSTRUCTOR COMMENT: This fits the first two data points, but these are not appropriate points to select. The data set curves, with increasing slope as we move to the right. You need to sketch the best-fit line, as best you can see it, and pick two points on that line. The best- fit line is not likely to pass through any of the data points, and you should never use data points to determine the equation of the best-fit line. Make an accurate sketch of the data points. Sketch your best-fit straight line, the straight line that comes as close as possible on the average to the points. Extend the line slightly beyond the data set. Estimate the y coordinates of the x = 1 and x = 20 points of this line. Find the equation of the straight line through these points. The coordinates of your points should be reasonably close to (1, 5.5) and (20, 30), though because it's a little difficult to judge exactly where the line should be you are unlikely to obtain these exact results. The equation will be reasonably close to y = .8 x - 3. ** STUDENT QUESTION I chose points (5,2) and (20,11), and got model y = .6 x - 1. INSTRUCTOR RESPONSE (why you don't want to choose data points) Your chosen points (5, 2) and (20, 11) are data points. You should sketch the graph, estimate the best-fit line, and use two points on the line, not two data points, as a basis for your calculations. If you choose two data points, you are accepting whatever error there was in measuring those points. If you fit the trend of the data with a straight line, you the presumably random errors in the data points tend to 'cancel out', leaving you with a much better model. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary):OK ------------------------------------------------ Self-critique rating #$&*OK ********************************************* Question: * extra problem (was 2.5.18). Individuals with incomes 15k, 20k, 25k, 30, 35, 40, 45k, 50k, 55k, 60k, 65k, 70k (meaning $15,000, $20,000, etc; 'k' means 'thousand') have respective loan amounts 40.6, 54.1, 67.7, 81.2, 94.8, 108.3, 121.9, 135.4, 149, 162.5, 176.1, 189.6 k. Sketch a graph of loan amount vs. income, fit a good straight line to the data and use two points on your line to estimate the equation of the line. Using the points (30,12) and (160,60), you find the slope 24/65 y - 60 = 24/65(x-160) y = (24/65)x