Regression Models — Quiz Answers

10 verified answers4 views
1
Free Preview

The data in the table represents a company's profit based on the number of items produced. Profit Based on Number of the Items Produced Items Produced x Dollars of profit y 100 negative 70 comma 500 200 50 300 50 comma 100 400 80 comma 300 500 90 comma 400 600 78 comma 000 Which equation best represents the data?

A
y is equal to negative 1 point 0 3 6 x squared plus 1024 point 7 7 1 x minus 163710
B
y is equal to negative 1 point 0 2 6 x squared plus 1016 point 4 0 2 x minus 162075
C
y is equal to 298 point 2 1 4 x minus 66317 point 6 6 7
D
y is equal to 196 point 2 x minus 18710
6

Which model best represents the data set?

A
exponential, because there is a relatively consistent additive rate of change
B
linear, because there is a relatively consistent multiplicative rate of change
C
linear, because there is a relatively consistent additive rate of change
D
exponential, because there is a relatively consistent multiplicative rate of change
7

Which type of model best describes the relationship?

A
exponential, because the r value for the exponential model is closest to 0
B
linear, because the r value for the linear model is closest to 1
C
linear, because the rate of change between each pair of points is exactly 520
D
exponential, because the rate of change between each pair of points is 1 point 9 8
8

Which function best models the data?

A
y is equal to 0 point 9 7 2 times open paren 9,958 close paren to the x th power
B
y is equal to 9,958 times 0 point 9 7 2 to the x th power
C
y is equal to negative 150 x plus 9,219
D
y is equal to 9,219 x minus 150
10

Which type of model best describes the relationship?

A
exponential, because the rate of change between each pair of points is 1 point 9 8
B
exponential, because the r value for the exponential model is closest to 0
C
linear, because the rate of change between each pair of points is exactly 520
D
linear, because the r value for the linear model is closest to 1

Did you find these answers helpful?