Table 1 gives the retail sales of electricity (in billions of kilowatt-hours) for the residential and commercial
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Table 1 gives the retail sales of electricity (in billions of kilowatt-hours) for the residential and commercial sectors in the United States.
(A) Let x represent time (in years) with x = 0 corresponding to 2000, and let y represent the corresponding residential sales. Enter the appropriate data set in a graphing calculator and find a quadratic regression equation for the data.
(B) If y = R(x) denotes the regression equation found in part (A), find R(30) and R′(30), and write a brief verbal interpretation of these results. Round answers to the nearest tenth of a billion.
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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