Page Portfolio Problem Set #1 Name Read the following questions carefully. Answer each question completely. Show your work. When asked to interpret, we want to know what the number means in words. Please answer in a complete sentence. This problem set is worth 1 point. If you do not have all parts correct, you can resubmit your work to attempt to earn your 1 point. LT 1: I can describe how two quantities change together, and interpret functions numerically, graphically, and algebraically in an applied setting. Part 1: The following table shows daily crude oil production by Pemex, Mexico's national oil company, for 2008-2014 (t = 0 represents 2008): Year t 0 2 3 5 6 (year since 2008) Crude Oil 3.16 2.97 2.95 2.94 2.91 2.88 2.79 Production p(t) (million barrels/day) Find p(3). Interpret your answer. M HOAG C Oil ADPart 2: 1. Choose the correct graph of the linear function using the specified values from the table provided h (x) 0.5 5 -5 - 5 B hpPage 3 LT 2: I can translate data/Information to a usable form and utilize computer technology to find algebraic models that predict and describe the situation. The following table shows soybean production, in millions of tons, in the United States as a function of the cultivated area, in millions of acres. Find the regression line for the given data and interpret the slope (round coefficients to two decimal places). Give the value of the correlation coefficient. What does that value tell you? Area (millions of acres) 30 Production (millions of tons) 20 32 a. Regression Line: b. Interpretation of slope (what does the value of the slope mean in words): Correlation Coefficient hpurses/61681/assignments/867003 Page