Why do interest rates on loans tend to be higher in a strong economy than in a weak one?

Answers

Answer 1
In a weak economy there is less demand for credit, so the price drops.

Related Questions

Brainliest! Jared uses the greatest common factor and the distributive property to rewrite this sum: 100 + 75 Drag one number into each box to show Jared's expression. Brainliest!

Answers

Answer:

25(4 + 3)

Step-by-step explanation:

100 = 2^2 + 5^2

75 = 3 * 5^2

GCF = 5^2 = 25

100 + 75 =

= 25 * 4 + 25 * 3

= 25(4 + 3)

A number is chosen at random from 1 to 10. Find
the probability of selecting 4 or a factor of 6.
Step by step.

Answers

Answer:

1/2

Step-by-step explanation:

The possible outcomes are

1,2,3,4,5,6,7,8,9,10

Factors of 6 are 1,2,3,6

or a 4

1,2,3,4,6 are the outcomes we want

There are 5 "good" outcomes

P( 4 or a factor of 6) = "good" outcomes/ total

                                  = 5/10

                                   =1/2

Answer:

[tex]\boxed{\frac{1}{2} }[/tex]

Step-by-step explanation:

There are total 10 outcomes.

[tex]1,2,3,4,5,6,7,8,9,10[/tex]

The probability of selecting 4 is 1 outcome out of total 10 outcomes.

Factors of 6 are [tex]1,2,3,6[/tex].

These are 4 outcomes out of total 10 outcomes.

The probability of selecting 4 or a factor of 6 is:

[tex]\displaystyle \frac{1}{10} +\frac{4}{10} =\frac{5}{10} =\frac{1}{2}[/tex]

A video rental store keeps a list of their top 15 movie rentals each week. This week the list includes 6 action, 4 comedies, 3 dramas, and 2 mysteries. The store manager removes a copy of each of the 15 movies from the shelf, then randomly selects 3 of the 15 to show on the display monitors in the store. What is the probability that she selected 2 comedies and 1 action movie?

Answers

Answer:

32/1125

Step-by-step explanation:

Probability is the likelihood or chance that an event will occur.

Probability = Expected outcome of event/Total outcome.

If a video rental store keeps a list of their top 15 movie rentals each week, the total outcome is 15.

If the list for the week includes 6 action, 4 comedies, 3 dramas, and 2 mysteries and the store manager removes a copy of each of the 15 movies from the shelf, then randomly selects 3 of the 15 to show on the display monitors in the store, the probability that she selected 2 comedies and 1 action movie will be calculated as shown;

Probability of selecting 2 comedies  = 4/15*4/15 = 16/225 (Note that the expected outcome in this case is 4).

Probability of selecting 1 action movie = 6/15 = 2/5

Hence, the probability that she selected 2 comedies and 1 action movie will be equivalent to 16/225*2/5 = 32/1125

Note that the rented movies will have to be returned hence reason for the replacement.

in a gp the sixth term is 8 times the third term, and the sum of the seventh and eighth term is 192. determine the common ratio​

Answers

Answer:

common ratio = 2

Step-by-step explanation:

T6 = ar^5

T3 = ar²

T6 = 8 x T³

ar^5 = 8 x ar²

ar^5/ar² = 8

r³ = 8

r = ³√8

r = 2

in the diagram EF and GH are straight lines. Find the values of a,b,c and d​

Answers

Answer: a = 76, b = 70, c = 70 and d = 70

Explanation:

a = 76 (corresponding angle)
b = e = 70 (corresponding angle)
d = e = 70 (vertically opposite angle)

An airplane travels 1200 miles in 4 hours with the wind. The same trip takes 5 hours against the wind. What is the speed of the plane in still air and what is the wind speed?

Answers

Answer:

Speed of plane in still air is 270 mph

Wind speed is 30 mph

Step-by-step explanation:

Check the picture.

The speed of the plane in still air is 270 mph and the speed of the wind will be 30 mph.

What is the distance formula?

The distance traveled by an object is the product of the speed of an object and the time taken.

Distance = speed x time

An airplane travels 1200 miles in 4 hours with the wind. The same trip takes 5 hours against the wind.

Let the speed of the plane be x

The speed of wind be y

Distance covered with the wind = (x + y)t

                  1200   =  (x + y)4

                   (x + y) = 1200/4

                     (x + y)= 300       .....(a)

Distance covered against the wind = (x - y)t

                                              1200   =  (x - y)5

                                               (x - y) = 1200/5

                                                 (x - y) = 240         .......(b)

By solving both the equation

(x + y)= 300    

(x - y) = 240    

Therefore the values will be x= 270mph and  y = 30 mph

Learn more about the distance formula:

https://brainly.com/question/15172156

A plane took off at a point that is 42 meters from the control tower. The flight path takes the plane over the control tower that is 98 meters high. After traveling 83 meters, which statement is most accurate?

A. The plane needs to be about 15 meters higher to clear the tower.
B. The plane clears the tower with about 27 meters to spare.
C. The plane clears the tower with about 15 meters to spare.
D. The plane needs to be about 27 meters higher to clear the tower.

Answers

Answer:

D. The plane needs to be about 27 meters higher to clear the tower.

Step-by-step explanation:

In this scenario a triangle is being formed. The base the plane's takeoff point to the tower base which is 42 meters (x).

The hypothenus is the distance travelled by the plane which is 83 meters (h)

The height of the tower is 98 Meters

We want to calculate the height of our triangle (y) so we can guage if the plane scaled the tower.

According to Pythagorean theorem

(x^2) + (y^2) = h^2

y = √ (h^2) - (x^2)

y = √ (83^2) - (42^2)

y= √(6889 - 1764)

y= 71.59 Meters

The height from the plane's position to the top of the tower will be

Height difference = 98 - 71.59 = 26.41 Meters

So the plane should go about 27 Meters higher to clear the tower

PLEASE HELP SOON! A 2011 study by the National Safety Council estimated that there are nearly 5.7 million traffic accidents year. At least 28% of them involved distracted drivers using a cell phones or texting. The data showed that 11% of drivers at any time are using cell phones. Car insurance companies base their policy rates on accident data that shows drivers have collisions approximately once every 19 years. That's a 5.26% chance per per year. Given.
A - Let dc= event that a randomly selected driver is using a cell phone. what is P(DC)? B - Let ta = event that a randomly selected driver has a traffic accident. what is P(ta) C - how can you determine if cell phone use while driving and traffic accidents are related? D - Give that the driver has an accident, what is the probability that the driver was distracted by a cell phone? Write this event with the correct conditional notation.

Answers

Answer:

(A) 0.11

(B) 0.0526

(C) Related

(D) 0.28

Step-by-step explanation:

The data provided is:

DC = event that a randomly selected driver is using a cell phone

TA = event that a randomly selected driver has a traffic accident

(A)

From the provided data:

P (DC) = 0.11

(B)

From the provided data:

P (TA) = 0.0526

(C)

To determine whether the events DC and TA are dependent, we need to show that:

[tex]P(DC\cap TA)\neq P(DC)\times P(TA)[/tex]

The value of P (DC ∩ TA) is,

[tex]P(DC\cap TA)=P(DC|TA)\time P(TA)[/tex]

                     [tex]=0.28\times 0.0526\\=0.014728[/tex]

Now compute the value of P (DC) × P (TA) as follows:

[tex]P (DC) \times P (TA)=0.11\times 0.0526=0.005786[/tex]

So, [tex]P(DC\cap TA)\neq P(DC)\times P(TA)[/tex]

Thus, cell phone use while driving and traffic accidents are related.

(D)

The probability that the driver was distracted by a cell phone given that the driver has an accident is:

P (DC | TA) = 0.28

Write 8:18 as a fraction in simplest form.

Ratio as a Fraction:

Fraction in Simplest Form:

Answers

Answer:

[tex]\text{Ratio as a fraction - \: \boxed{\frac{8}{18}}}[/tex]

[tex]\text{Fraction in simplest form - \boxed{\frac{4}{9}}}[/tex]

Step-by-step explanation:

Part 1: Writing a ratio as a fraction

A fraction and a ratio are the same thing - just a different name. Therefore, the colon in a ratio is the same as a divisor line in a fraction. Therefore, to write a ratio as a fraction,

Replace the colon with a divisor line or the divisor line with a colon (use the first portion to transform a ratio into a fraction and the second form to transform a fraction into a ratio).

Therefore, 8:18 as a fraction is 8/18.

Part 2: Fraction in simplest form

To put a fraction in simplest form, first divide the numerator by the denominator. If it contains a remainder, you cannot use this step to verify it.

8 only goes into 18 twice and leaves a 2 as a remainder, so this method does not work.

Instead, if both numbers are even, divide by 2.

8/2 = 4

18/2 = 9

Check to see if the new numerator and denominator can reduce any further.

4/9 = 4/9

The fraction in simplest form is 4/9.

which expression is equivalent to x^-5/3

Answers

Answer:

B

Step-by-step explanation:

Since the power is negative, you automatically know it has to be a or b, because the only way it would be negative is if it was brought from the denominator to the numerator.

The answer is B, because the numerator of the power, is what is inside the square root, while the denominator is what is outside the square root.

Determine the equation of the exponantial function with a common ratio of 2, a horizontal asymptote at y=4 and passin through the point (2,10).

Answers

Answer:

Step-by-step explanation:

In Triangle A B C, what is the value of x? Triangle A B C. Angle A is (10 x minus 10) degrees, angle B is (8 x) degrees, angle C is (10 x + 8) degrees.

Answers

Answer:

6.5

Step-by-step explanation:

The sum of all angles in a triangle are 180 degrees.

=> 10x -10 + 8x + 10x + 8 = 180

=> 28x -2 = 180

=> 28x = 182

=> x = 6.5

So, Angle A = 10 x 6.5 -10 = 65 - 10 = 55 degrees

     Angle B = 8 x 6.5 = 52 degrees

     Angle C = 10 x 6.5 + 8 = 65 + 8 = 73 degrees.

55 + 52 + 73 = 55 + 125 = 180 degrees

* The American Diabetes Association estimates that 8.3% of people in the
United States have diabetes. Suppose that a medical lab has developed
a simple diagnostic test for diabetes that is 98% accurate for people who
have the disease and 95% accurate for people who do not have it. The
medical lab gives the test to a randomly selected person. What is the
probability that the diagnosis is correct? Explain each step.​

Answers

Answer:

The probability that the diagnosis is correct is 0.95249.

Step-by-step explanation:

We are given that the American Diabetes Association estimates that 8.3% of people in the United States have diabetes.

Suppose that a medical lab has developed a simple diagnostic test for diabetes that is 98% accurate for people who have the disease and 95% accurate for people who do not have it.

Let the probability that people in the United States have diabetes = P(D) = 0.083.

So, the probability that people in the United States do not have diabetes = P(D') = 1 - P(D) = 1 - 0.083 = 0.917

Also, let A = event that the diagnostic test is accurate

So, the probability that a simple diagnostic test for diabetes is accurate for people who have the disease = P(A/D) = 0.98

And the probability that a simple diagnostic test for diabetes is accurate for people who do not have the disease = P(A/D') = 0.95

Now, the probability that the diagnosis is correct is given by;

    Probability = P(D) [tex]\times[/tex] P(A/D) + P(D') [tex]\times[/tex] P(A/D')

                      = (0.083 [tex]\times[/tex] 0.98) + (0.917 [tex]\times[/tex]0.95)

                      = 0.08134 + 0.87115

                      = 0.95249

Hence, the probability that the diagnosis is correct is 0.95249.

A company has 8 mechanics and 6 electricians. If an employee is selected at random, what is the probability that they are an electrician

Answers

Answer:

[tex]Probability = \frac{3}{7}[/tex]

Step-by-step explanation:

Given

Electrician = 6

Mechanic = 8

Required

Determine the probability of selecting an electrician

First, we need the total number of employees;

[tex]Total = n(Electrician) + n(Mechanic)[/tex]

[tex]Total = 6 + 8[/tex]

[tex]Total = 14[/tex]

Next, is to determine the required probability using the following formula;

[tex]Probability = \frac{n(Electrician)}{Total}[/tex]

[tex]Probability = \frac{6}{14}[/tex]

Divide numerator and denominator by 2

[tex]Probability = \frac{3}{7}[/tex]

Hence, the probability of selecting an electrician is 3/7

Pulse rates of women are normally distributed with a mean of 77.5 beats per minute and a standard deviation of 11.6 beats per minute.
1. What are the values of the mean and standard deviation after converting all pulse rates of women to z scores using z = (x - mu )?
2. What are the units of the corresponding z scores?
A. The z scores are measured with units of "beats per minute".
B. The z scores are measured with units of "minutes per beat".
C. The z scores are measured with units of "beats."
D. The z scores are numbers without units of measurement.

Answers

Answer:

D. The z scores are numbers without units of measurement.

Step-by-step explanation:

Z-scores are without units, or are pure numbers.

In a school, there are 25% fewer 11th graders than 10th graders, and 20% more 11th graders than 12th graders. The total number of students in 10th, 11th, and 12th grades in the school is 190. How many 10th graders are there at the school?

Answers

Answer:

There are 80 10th graders in the school

Step-by-step explanation:

Let the number of 10th graders be x

There are 25% fewer 11th graders

That mean x - 25% of x

x -0.25x = 0.75x

There are 20% more 11th graders than 12th graders

So if number of 12th graders = y, then

0.75x = y + 20/100 * y = y + 0.2y = 1.2y

Since ;

0.75x = 1.2y

then y = 0.75x/1.2 = 0.625x

So let’s add all to give 190

x + 0.75x + 0.625x = 190

2.375x = 190

x = 190/2.375

x = 80

find the value of each variable and the measure of each angle​

Answers

Answer:

Left angle = 60°

Top angle = 120°

Right angle = 60°

Step-by-step explanation:

Use what you know about angle relationships to set up equations you can solve for each variable.

The top top angle, for example, added to one of the other angles must equal 180° because they are supplementary.

You have two variables, so you need at least two equations (I made three but only used two).

The work is in my attachment, comment of you have questions.

Beer shelf life is a problem for brewers and distributors because when beer is stored at room temperature, its flavor deteriorates. When the average furfuryl ether content reaches 6 μg per liter, a typical consumer begins to taste an unpleasant chemical flavor. At α = .05, would the following sample of 12 randomly chosen bottles stored for a month convince you that the mean furfuryl ether content exceeds the taste threshhold? 8.92 6.99 5.54 5.73 6.38 5.51 6.45 7.50 8.48 5.56 6.90 6.46

Answers

Answer:

As the calculated value of t =2.1698 is greater than t (0.05,11) = 1.796 reject H0 . It means  chosen bottles stored for a month convince you that the mean furfuryl ether content exceeds the taste threshhold.

Step-by-step explanation:

We formulate our null and alternative hypotheses as

H0 u≤ 6 ug     Ha : u > 6 ug

The significance level ∝ = 0.05

The test statistic used is

t = X` - u / s/ √n

which if H0 is true, has the students' t test with n-1 = 11 degrees of freedom.

The critical region t > t (0.05,11) = 1.796

We compute the t value from the data

Xi               Xi²

8.92         79.5664

6.99          48.8601

5.54          30.6916

5.73           32.8329

6.38           40.7044

5.51            30.3601

6.45           41.6025

7.50           56.25

8.48           71.9104

5.56          30.9136

6.90          47.61

6.46          41.7316          

80.42         553.0336      

Now x` = ∑x/ n = 80.42/12 = 6.70

S²= 1/n-1 ( ∑(xi- x`)²= 1/11 ( 553.034 - (80.42)²/12)

= 1/11 (553.034-538.948) = 1.2805

s= 1.1316

Putting the values in the test statistics

t = X` - u / s/ √n = 6.70- 6 / 1.1316 / √12

= 2.1698

The critical region t > t (0.05,11) = 1.796

As the calculated value of t =2.1698 is greater than t (0.05,11) = 1.796 reject H0 . It means  chosen bottles stored for a month convince you that the mean furfuryl ether content exceeds the taste threshhold.

helppppppppppppppppppppppppppppppppppppppppppppppppp

Answers

Answer:

Brainliest!

Step-by-step explanation:

36x^-4y^2/5x^2y^-3z^-2

36y^5z^2/5x^6

make everything positive

a function includes the points (4, -3) and (-9,4). what fraction in lowest terms represents the output value of this function for an input of zero

Answers

Answer:

  -11/13

Step-by-step explanation:

The equation of the line through these points can be written using the 2-point form of the equation of a line:

  y = (y2 -y1)/(x2 -x1)(x -x1) +y1

  y = (4 -(-3))/(-9-4)/(x -4) -3

  y = (-7/13)x +28/13 -3

For x=0, the value of y is ...

  y = 28/13 -39/13 = -11/13

The output for an input of 0 is -11/13.

plzz answer this fasttttttttt​

Answers

Answer:

37°

This is because the square indicates a right angle.

53 - 90 = 37

We have,

∠AOB = 53°

∠BOC = x°

∠A0C = 90°

Now,

AOB + ∠BOC = ∠A0C

⇒ 53° + x° = 90°

⇒ x° = 90° - 53°

⇒ x° = 37°

1.Find the value of x in the equation below
3^(2x+1)÷3^(3x-4)×3^(6-7x)=27x

2.Solve the equation 2^(x+y)=8 and 3^(x-y)=1 simultaneously​

Answers

Answer:

Step-by-step explanation:

Hello, please consider the following.

Question 1.

[tex]\dfrac{3^{2x+1}}{3^{3x-4}\cdot 3^{6-7x}}=27^x\\\\<=> 3^{2x+1}\cdot 3^{-3x+4}\cdot 3^{-6+7x}=3^{2x+1-3x+4-6+7x}=(3^3)^x=3^{3x}\\\\<=> 2x+1-3x+4-6+7x=3x\\\\<=> 6x-1=3x\\\\<=> 3x=1\\\\<=> \boxed{x=\dfrac{1}{3}}[/tex]

Question2.

[tex]2^{x+y}=8=2^3 <=>x+y=3\\\\3^{x-y}=1=3^0<=>x-y=0[/tex]

So, it gives (by adding the two equations) 2x = 3

[tex]\boxed{x=\dfrac{3}{2} \ \ and \ \ y = x = \dfrac{3}{2} }[/tex]

Hope this helps.

Do not hesitate if you need further explanation.

Thank you

Compute the flux H F of F(x,y) = hxy, x − yi across the boundary of the square given by −1 ≤ x ≤ 1, −1 ≤ y ≤ 1.

Answers

Answer:

4i.

Step-by-step explanation:

To find the flux through the square, we use the divergence theorem for the flux. So Flux of F(x,y) = ∫∫divF(x,y).dA

F(x,y) = hxy,x - yi

div(F(x,y)) = dF(x,y)/dx + dF(x,y)dy = dhxy/dx + d(x - yi)/dy = hy - i

So, ∫∫divF(x,y).dA = ∫∫(hy - i).dA

= ∫∫(hy - i).dxdy

= ∫∫hydxdy - ∫∫idxdy

Since we are integrating along the boundary of the square given by −1 ≤ x ≤ 1, −1 ≤ y ≤ 1, then

∫∫divF(x,y).dA = ∫₋₁¹∫₋₁¹hydxdy - ∫₋₁¹∫₋₁¹idxdy

= h∫₋₁¹{y²/2}¹₋₁dx - i∫₋₁¹[y]₋₁¹dx

= h∫₋₁¹{1²/2 - (-1)/2²}dx - i∫₋₁¹[1 - (-1)]dx

= h∫₋₁¹{1/2 - 1)/2}dx - i∫₋₁¹[1 + 1)]dx

= 0 - i∫₋₁¹2dx

= - 2i[x]₋₁¹

= 2i[1 - (-1)]

= 2i[1 + 1]

= 2i(2)

= 4i  

Let a >= b.
show that gcd(a,b) = gcd(a-b, b) ​

Answers

let [tex] \gcd(a,b)= G[/tex] , $a\ge b$

$\therefore a=G\cdot m$ and $b=G\cdot n$

$a-b=Gm-Gn=G(m-n)$

Now, $\gcd(a-b,b)$ clearly is, $G$

Suppose the radius of a circle is 5 units. What is its circumference?​

Answers

Answer:

C≈31.42

Step-by-step explanation:

C=2πr

C=2xπx5

C≈31.42

pls mark as brainliest

In a recent year, a sample of grade 8 Washington State public school students taking a mathematics assessment test had a mean score of 281 with a standard deviation of 34.4. Possible test scores could range from 0 to 500. Assume that the scores are normally distributed. Question 9 (2.5 points) If 2000 students are randomly selected, how many would you expect to have a score between 250 and 305?

Answers

Answer:

The  number is  [tex]N =1147[/tex] students

Step-by-step explanation:

From the question we are told that

    The population mean is  [tex]\mu = 281[/tex]

     The standard deviation is  [tex]\sigma = 34.4[/tex]

    The sample size is  n = 2000

percentage of the would you expect to have a score between 250 and 305 is mathematically represented as

      [tex]P(250 < X < 305 ) = P(\frac{ 250 - 281}{34.4 } < \frac{X - \mu }{\sigma } < \frac{ 305 - 281}{34.4 } )[/tex]

Generally  

             [tex]\frac{X - \mu }{\sigma } = Z (Standardized \ value \ of \ X )[/tex]

So  

         [tex]P(250 < X < 305 ) = P(-0.9012< Z<0.698 )[/tex]

       [tex]P(250 < X < 305 ) = P(z_2 < 0.698 ) - P(z_1 < -0.9012)[/tex]

From the z table  the value of  [tex]P( z_2 < 0.698) = 0.75741[/tex]

                                         and  [tex]P(z_1 < -0.9012) = 0.18374[/tex]

     [tex]P(250 < X < 305 ) = 0.75741 - 0.18374[/tex]

      [tex]P(250 < X < 305 ) = 0.57[/tex]

The  percentage is  [tex]P(250 < X < 305 ) = 57\%[/tex]

The  number of students that will get this score is

           [tex]N = 2000 * 0.57[/tex]

           [tex]N =1147[/tex]

How many adults must be randomly selected to estimate the mean FICO​ (credit rating) score of working adults in a​ country? We want ​% confidence that the sample mean is within points of the population​ mean, and the population standard deviation is .

Answers

Answer: hello below is the complete question

How many adults must be randomly selected to estimate the mean FICO (credit rating) score of working adults in a country? We want 90% confidence that the sample mean is within 4 points of the population mean, and the population standard deviation is 66. Round up to the nearest whole number

answer : 737 adults

Step-by-step explanation:

confidence interval = 90% = 0.9

( E ) = 4

standard deviation = 66

first we have to calculate the value of a

a = 1 - confidence interval

  = 1 - 0.9 = 0.10      hence  a / 2 = 0.05

next find the value of Z a/2 from table

Z[tex]_{0.05}[/tex]  = 1.645

The number of Adults selected can be determined using this relation

N = [tex](Z_{a/2} * (s/E))^2[/tex]

   = [tex](Z_{0.05} * ( 66/4))^2[/tex]

   = 737

To the nearest square inch, what is the surface area of the square pyramid shown in the image? A. 175 in.^2 B. 200 in.^2 C. 400 in.^2 D. 700 in.^2 Please show ALL work! :D

Answers

Answer: C. 400  in^2

Step-by-step explanation:

First find the surface area or the area of the base which is in the shape of  a square and has a side length of 10 in. So square 10 to find the area.

Area of base:  10 * 10 = 100

Next find the area of one of the triangles.

As we could see the triangle has a slant height of 15 in and a base of 10. To find the area of a triangle we multiply the base times the height and multiply it by half.

Area of one triangle.  15 * 10 = 150 * 1/2 = 75  

Since one side of the triangle has a surface area of 75 inches we will multiply it by 4 since there are four triangles to find the total surface area of the four faces.

75 * 4 = 300  

We now know that the the 4 triangles surface area dd up to 300 so we will add it to the area of the base which is 100 to find the whole surface area of the figure.

300 + 100 = 400

This solid shape is made from 5 cubes. Which of the diagrams show the plan of the solid? Please help!

Answers

Answer:

A Maybe

Step-by-step explanation:

Cogntive identification

Unable to answer mathematically or analytically

The Plan of the solid shape is shown by : (A)

What is the Meaning of solid shape?

A solid shape can be defined as a shape that possesses three dimensions. that is to say they are three dimensional shapes.

A solid shape has both length, width and height. They are more tangible and look physical than two dimensional shape.

solid shapes can take up space in the universe because they are more tangible and realistic.

In conclusion, the Plan of the solid shape is shown by : (A)

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Bighorn sheep are beautiful wild animals found throughout the western United States. Data for this problem are based on information taken from The Desert Bighorn, edited by Monson and Sumner 9University of Arizona Press). Let x be the age of a bighorn sheep (in years), and let y be the mortality rate (percent that die) for this age group. For example, x = 1, y = 14 means that 14% of the bighorn sheep between 1 and 2 years old died. A random sample of Arizona bighorn sheep gave the following information:
x 1 2 3 4 5
y 14 18.9 14.4 19.6 20.0
∑x=15 ; ∑y=87.3;∑x2=55; ∑y2=1569.77; ∑xy=275
(a) Draw a scatter diagram.
(b) Find the equation of the least-squares line, and plot the line on the scatter diagram of part (a).
(c) Find the correlation coefficient r. Find the coefficient of determination . What percentage of variation in y is explained by the variation in x and the least squares model?

Answers

Answer:

The answer and explanation are below

Step-by-step explanation:

i followed the data that was given in the question.

∑x=15 ; ∑y=87.3;∑x2=55; ∑y2=1569.77; ∑xy=275

a.)  please refer to the attachment for the scatter diagram. Y was plotted against X.

b. The equation is given as:

Y = b₁ + b₀X

∑x=15 ; ∑y=87.3;∑x2=55; ∑y2=1569.77; ∑xy=275

b₁ = n∑xy - (∑x)(∑y)/n(∑x²) - (∑x)²

b₁ = 5 x 275 - 15 x 87.3/5 x 55 - (15²)

= 1375-1309.5/275-225

= 65.5/50

= 1.31

b₀ = 87.3/5 - 1.31(15/5)

= 87.3/5 - 1.31x3

= 13.53

the regression line is

Y = 13.53 + 1.31X

please refer to the attachment for the diagram for the regression line.

c. we are required to find r.

r = n∑XY - (∑X)(∑Y)/√n∑X²-(∑X)² × √n∑y²-(∑y)²

∑x=15 ; ∑y=87.3;∑x2=55; ∑y2=1569.77; ∑xy=275

inserting these values:

r = 5 x 275-(15)(87.3)/√275-225 x √7848.85 - 7621.29

= 65.5/106.69

= 0.6139

Coefficient of determination = r²

r = 0.6139

r² = 0.3769 = 37.69%

Therefore 37.69% variation in y is explained by variation in x and the least square model.

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