The following is the number of retirees receiving benefits from the State Teachers Retirement System of Ohio
Question:
The following is the number of retirees receiving benefits from the State Teachers Retirement System of Ohio from 1991 until 2012.
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a. Plot the data.
b. Determine the least squares trend equation. Use a linear equation.
c. Calculate the points for the years 2000 and 2010.
d. Estimate the number of retirees that will be receiving benefits in 2015. Does this seem like a reasonable estimate based on the historical data?
e. By how much has the number of retirees increased or decreased (per year) on average during theperiod?
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a b Retirees 53081 2879 t c Retirees 53081 287910 81871and Retirees 53081 28792...View the full answer
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Related Book For 
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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