Question:
A Sunday newspaper lists the 10 used car prices for a foreign compact, with age x measured in years and selling price y measured in thousands of dollars. A Sunday newspaper lists the 10 used car prices for a foreign compact, with age x measured in years and selling price y measured in thousands of dollars.
Picture of data can be found in the picture attached.
Answer:
Slope = -1.71
Intercept = 22.05
Step-by-step explanation:
Equation of a line usually takes the general form :
ŷ = mx + c
Where :
m = slope or gradient
c = intercept
Inputting the data into a linear regression calculator ;
The output is : ŷ = -1.70872X + 22.04985
Comparing the output to the general formula;
The slope (m):
m = -1.70872 = -1.71(2 decimal places).
The intercept (c):
c = 22.04985 = 22.05(2 decimal places).
Let the number of nickels found be n, the number of dimes be d and the number of quarters be q.
i) "you have twice as many quarters as dimes and 42 coins in all."
means that 2d=q, and n+d+q=42
we can reduce the number of unknowns by substituting q with 2d:
n+d+q=42
n+d+2d=42
n+3d=42
We can write all n, d and q in terms of d as follows:
there are n=42-3d nickels, d dimes and q=2d quarters.
ii) In total there are $6.60 dollars,
1 nickel = 5 cent = $0.05
1 dime = 10 cent = $0.1
1 quarter = 25 cent = $0.25
thus
(42-3d)*0.05 + d*0.1 +2d*0.25= $6.60
2.1 - 0.15d+0.1d+0.5d=6.60
2.1+0.45d=6.6
0.45d=6.6-2.1=4.5
d=4.5/0.45=10
iii)
so, there are 10 dimes, 2d=2*10=20 quarters and 42-3d=42-3*10=12 nickels.
Answer: 10 dimes, 20 quarters, 12 nickels
Answer:
$88.00
Step-by-step explanation:
Answer:
The parameter is the population proportion of fans who listened to her new single and has an estimated value of 90%.
Step-by-step explanation:
The parameter is a value that corresponds to a population, while an a value that corresponds to a sample is know as statistic.
She takes a sample to estimate, with a point estimate and probably with a confidence interval around this point estimate, the true proportion of fans who listened to her new single.
This is the paramater: the population proportion of fans who listened to her new single.
Its value comes from an estimation based on the sample proportion (point estimate).
The sample proportion is 90%, so we can estimate, as there is no bias, that the population proportion is also 90%.
