Gallup Poll. The Gallup organization periodically asks the following question: If your party nominated a generally well-qualified

Question:

Gallup Poll. The Gallup organization periodically asks the following question:

If your party nominated a generally well-qualified person for president who happened to be a woman, would you vote for that person?

Here is a time series plot of the percentage answering

“yes” versus the year of the (20th) century. The least squares trend line is given by: yn t = 5.58 + 0.999Year, where Year = 37, 45, c99 to represent the years during which the survey was given.

a) The R2 for this trend line is 94%. A student decided to use this linear model to obtain a forecast for the percent who would respond “yes” in 2012. What value should the student use for Year?

b) Find the predicted value for the year 2012. Is it realistic?

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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