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Gennadij [26K]
3 years ago
8

A random sample of eight drivers insured with a company and having similar auto insurance policies was selected. The following t

able lists their driving experiences (in years) and monthly auto insurance premiums.
X Driving Experience (years) Y Monthly Auto Insurance Premium
5

$64
2 $87
12 $55
9 $71
15 $44
6 $56
25 $42
16 $62
a. Does the insurance premium depend on the driving experience or does the driving experience depend on the insurance premium? Do you expect a positive or a negative relationship between these two variables?

b. Compute SSxx, SSyy, and SSxy.

c. Find the least squares regression line by choosing appropriate dependent and independent variables based on your answer in part a.

d. Interpret the meaning of the values of a and b calculated in part c.

e. Plot the scatter diagram and the regression line.

f. Calculate r and r2 and explain what they mean.

g. Predict the monthly auto insurance premium for a driver with 10 years of driving experience.

h. Compute the standard deviation of errors.
Mathematics
1 answer:
lord [1]3 years ago
5 0
I don’t know they answer I’m really sorry
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Consider the equation below. f(x) = 2x3 + 3x2 − 336x (a) Find the interval on which f is increasing. (Enter your answer in inter
Vaselesa [24]

We have been given a function f(x)=2x^3+3x^2-336x. We are asked to find the interval on which function is increasing and decreasing.

(a). First of all, we will find the critical points of function by equating derivative with 0.

f'(x)=2(3)x^{2}+3(2)x^1-336

f'(x)=6x^{2}+6x-336

6x^{2}+6x-336=0

x^{2}+x-56=0

x^{2}+8x-7x-56=0

(x+8)-7(x+8)=0

(x+8)(x-7)=0

x=-8,x=7

So x=-8,7 are critical points and these will divide our function in 3 intervals (-\infty,-8)U(-8,7)U(7,\infty).

Now we will find derivative over each interval as:

f'(x)=(x+8)(x-7)

f'(-9)=(-9+8)(-9-7)=(-1)(-16)=16

Since f'(9)>0, therefore, function is increasing on interval (-\infty,-8).

f'(x)=(x+8)(x-7)

f'(1)=(1+8)(1-7)=(9)(-6)=-54

Since f'(1), therefore, function is decreasing on interval (-8,7).

Let us check for the derivative at x=8.

f'(x)=(x+8)(x-7)

f'(8)=(8+8)(8-7)=(16)(1)=16

Since f'(8)>0, therefore, function is increasing on interval (7,\infty).

(b) Since x=-8,7 are critical points, so these will be either a maximum or minimum.

Let us find values of f(x) on these two points.

f(-8)=2(-8)^3+3(-8)^2-336(-8)

f(-8)=1856

f(7)=2(7)^3+3(7)^2-336(7)

f(7)=-1519

Therefore, (-8,1856) is a local maximum and (7,-1519) is a local minimum.

(c) To find inflection points, we need to check where 2nd derivative is equal to 0.

Let us find 2nd derivative.

f''(x)=6(2)x^{1}+6

f''(x)=12x+6

12x+6=0

12x=-6

\frac{12x}{12}=-\frac{6}{12}

x=-\frac{1}{2}

Therefore, x=-\frac{1}{2} is an inflection point of given function.

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