course Mth 163 June 26 8:08 pm*********************************************
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Given Solution: Your straight line should pass above the first and third points and beneath the second. If this is not the case the line can be modified so that it comes closer on the average to all three points. The best possible straight line passes through the y-axis near y = 2. The x = 2 point on the best possible line has a y coordinate of about 3, and the x = 7 point has a y coordinate of about 7. So the best possible straight line contains points with approximate coordinate (2,3) and (7,7). The slope between these two points is rise/run = (7 - 3)/(7 - 2) = 4/5 = .8. Note that the actual slope and y intercept of the true best-fit line, to 3 significant figures, are .763 and 1.79. So the equation of the line is .763 x + 1.79 &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): I got something different for the slope. I’m not sure why. How was I supposed to get (5,7) for the second coordinate because I don’t understand that.
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Given Solution: Plugging the coordinates (2,3) and (7, 7) into the form y = m x + b we obtain the equations 3 = 2 * m + b 7 = 7 * m + b. Subtracting the first equation from the second will eliminate b. We get 4 = 5 * m. Dividing by 5 we get m = 4/5 = .8. Plugging m = .8 into the first equation we get 3 = 2 * .8 + b, so 3 = 1.6 + b and b = 3 - 1.6 = 1.4. Now the equation y = m x + b becomes y = .8 x + 1.4. Note that the actual best-fit line is y = .763 x + 1.79, accurate to three significant figures. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): I’m not sure where I went wrong on the slope. The rest of it the problem would have been wrong since I couldn’t figure out the slope.
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Given Solution: Evaluating y =.8 x + 1.4 at x = 1, 3, and 6 we obtain y values 2.2, 3.8, and 6.2. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): Self-critique Rating: ********************************************* Question: `q004. The equation y = .8 x + 1.4 gives you points (1, 2.2), (3, 3.8), and (6,6.2). How close, on the average, do these points come to the original data points (1,2), (3, 5), and (6, 6)? YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY Your solution: On average, within .53 of the original. 2.2-2= .2 3.8-5= -1.2 6.2-6= .2 I added these and divided by 3 to get the average of .53. Confidence Assessment: 3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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Given Solution: (1, 2.2) differs from (1, 2) by the .2 unit difference between y = 2 and y = 2.2. (3, 3.8) differs from (3, 5) by the 1.2 unit difference between y = 5 and y = 3.8. (6, 6.2) differs from (6, 6) by the .2 unit difference between y = 6 and y = 6.2. {}The average discrepancy is the average of the three discrepancies: ave discrepancy = ( .2 + 1.2 + .2 ) / 3 = .53. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): Self-critique Rating: ********************************************* Question: `q005. Using the best-fit equation y =.76 x + 1.79, with the numbers accurate to the nearest .01, how close do the predicted points corresponding to x = 1, 3, and 6 come to the original data points (1,2), (3, 5), and (6, 6)? YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY Your solution: Y=.76x+1.79 Y=.76(1) +1.79= 2.55 Y= .76(3) +1.79= 4.07 Y= .76(6) +1.79= 6.35 The differences are (.45+.93+.35) Divided by three the average is 0.576 or .58 Confidence Assessment: 3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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Given Solution: Evaluating y =.76 x + 1.79 at x = 1, 3 and 6 we obtain y values 2.55, 4.07 and 6.35. This gives us the points (1,2.55), (3,4.07) and (6, 6.35). These points lie at distances of .55, .93, and .35 from the original data points. The average distance is (.55 + .93 + .35) / 3 = .58 from the points. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): Self-critique Rating: ********************************************* Question: `q006. The average distance of the best-fit line to the data points appears to greater than the average distance of the line we obtain by an estimate. In fact, the best-fit line doesn't really minimize the average distance but rather the square of the average distance. The distances for the best-fit model are .55, .93 and .35, while the average distances for our first model are .2, 1.2 and .2. Verify that the average of the square distances is indeed less for the best-fit model. YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY Your solution: If you square the 1st equation: .2^2= .04 1.2^2 =1.44 ..2^2=.04 Best fit Equation: .55^2= .3 .93^2= .87 .35^2= .12 Added together (1st): (.04+1.44+.04)/3 = 0.51 Best fit equation: (.30+.87+.12)/3 = .43 The best fit model is better. Confidence Assessment: 3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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Given Solution: The square distances for the best-fit model are .55^2 = .30, .93^2 = .87 and .35^2 = .12. The average of these square distances is (.30 + .87 + .12) / 3 = .43. The squared distances for the first model are .2^2 = .04, 1.2^2 = 1.44 and .2^2 = .04, so the average of the square distances for this model is (.04 + 1.44 + .04) / 3 = .51. Thus the best-fit model does give the better result. We won't go into the reasons here why it is desirable to minimize the square of the distance rather than the distance. When doing eyeball estimates, you don't really need to take this subtlety into account. You can simply try to get is close is possible, on the average, to the points. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): Self-critique Rating: ********************************************* Question: `q007. If the original data points (1,2), (3, 5), and (6, 6) represent the selling price in dollars of a bag of widgets vs. the number of widgets in the bag, then how much is paid for a bag of 3 widgets? How much would you estimate a bag of 7 widgets would cost? YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY Your solution: Y= .76x+ 1.79 Y= .76(3) +1.79= 4.07 Y= .76(7)+1.79= 7.11 A bag of 3 would be $4.05 A bag of 7 would be $7.11 Confidence Assessment: 3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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Given Solution: If we use the best-fit function y =.76 x + 1.79, noting that y represents the cost and x the number of widgets, then the cost of 3 widgets is y = .76 * 3 + 1.79 = 4.05, representing cost of $4.05. The cost of 7 widgets would be y = .76 * 7 + 1.79 = 7.11. The cost of 7 widgets would be $7.11. &&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&& Self-critique (if necessary): Self-critique Rating: ********************************************* Question: `q008. According to the function y = .8 x + 1.4, how much will a bag of 7 widgets cost? How many widgets would you expect to get for $10? YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY Your solution: y = .8 x + 1.4 y= .8(7) +1.4=$7.00 A bag of 7 would be $7.00 10= .8x+1.4 X= (10+1.4) /.8 = 10.75 A bag for $10 would be 10.75 widgets Confidence Assessment: 3 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
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Given Solution: Using the model we obtained, y = .8 x + 1.4, we note that the cost is represented by y and the number of widgets by acts. Thus we can find cost of 7 widgets by letting x = 7: cost = y = .8 * 7 + 1.4 = 7. To find the number of widgets you can get for $10, let y = 10. Then the equation becomes 10 = .8 x + 1.4. We easily solve this equation by subtracting 1.4 from both sides than dividing by .8 to obtain x = 10.75. That is, we can buy 10.75 widgets with $10.