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The table shows the numbers y ( in millions ) of people ages 1 6 and older that were not in the U . S
The table shows the numbers in millions of people ages and older that were not in the US labor force from through
tableYearNumber of People
a Use the regression feature of the calculator to determine a linear model for the year since and number of people. do not round coefficients Identify the correlation coefficient.
b Interpret the slope of your linear model in context.
c Determine a quadratic model for the data. Do not round coefficients.
d Which is the better fit? How do you know?
The revenue of a company is given by and the cost is given by where is number of units sold in millions.
a What is the pricedemand function?
b What are the fixed costs for the company?
c Write the profit function for this scenario.
The average number of persons per household in the US has been shrinking steadily for as long as statistics have been kept and is approximately linear with respect to time. In there were about persons per household, and in there were about Write a linear equation that gives the number of people per household based on the year. Then use your equation to predict the household size in DO NOT use linear regression.
e Use your model to predict the number of people over that were not in the labor force in
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