Concept explainers
Poverty The following table gives the number (in thousands) of families under the poverty level in the United States in recent years Source: U.S. Census Bureau.
Year | Families Below Poverty Level (in thousands) |
2000 | 6400 |
2001 | 6813 |
2002 | 7229 |
2003 | 7607 |
2004 | 7835 |
2005 | 7657 |
2006 | 7668 |
2007 | 7623 |
2008 | 8147 |
2009 | 8792 |
2010 | 9400 |
2011 | 9497 |
2012 | 9520 |
(a) Find a linear equation for the number of families below poverty level (in thousands) in terms of t, the number of years since 2000, using the data for 2000 and 2012.
(b) Repeat part (a), using the data for 2004 and 2012.
(c) Find the equation of the least squares line using all the data. Then plot the data and the three lines from parts (a)-(c) on a graphing calculator.
(d) Discuss which of the three lines found in pans (a)-(c) best describes the data, as well as to what extent a linear model accurately describes the data.
(e) Calculate the
Want to see the full answer?
Check out a sample textbook solutionChapter 1 Solutions
Finite Mathematics (11th Edition)
- Sales Barnes & Noble had annual sales of $6.8 billion in 2013 and $6.1 billion in 2015. Use the Midpoint Formula to estimate the sales in 2014. Assume that the annual sales followed a linear pattern.arrow_forwardDVD Player Sales The table shows the number of DVD players sold in a small electronics store in the years 2003-2013. Year DVD players sold 2003 495 2004 513 2005 410 2006 402 2007 520 2008 580 2009 631 2010 719 2011 624 2012 582 2013 635 aWhat was the average rate of change of sales between 2003 and 2013? bWhat was the average rate of change of sales between 2003 and 2004? cWhat was the average rate of change of sales between 2004 and 2005? dBetween which two successive years did DVD player sales increase most quickly? Decrease most quickly?arrow_forwardHOW DO YOU SEE IT? Discuss how well a linear model approximates the data shown in each scatter plot.arrow_forward
- Draw a scatter plot for the data in Table 2. Then determine whether the data appears to belinearly related.arrow_forwardMarginal Tax Rate The following table shows tax due for the given taxable income level for a single taxpayer. Taxable income Tax due 97, 000 21, 913 97, 050 21, 927 97, 100 21, 941 97, 150 21, 955 97, 200 21, 969 a. Show that the data in the table are linear. b. How much additional tax is due on each dollar over 97.000? c. What would you expect to be your tax due if you had a taxable income of 97, 000? of 98, 000? d. Find a linear formula that gives your tax due if your income is A dollars over 97, 000.arrow_forward
- Calculus For The Life SciencesCalculusISBN:9780321964038Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.Publisher:Pearson Addison Wesley,Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning