93 is what percent of 620? %
2 answers:
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Answer:
a)
b) r =-0.932
The % of variation is given by the determination coefficient given by and on this case
, so then the % of variation explained by the linear model is 86.87%.
Step-by-step explanation:
Assuming the following dataset:
Monthly Sales (Y) Interest Rate (X)
22 9.2
20 7.6
10 10.4
45 5.3
Part a
And we want a linear model on this way y=mx+b, where m represent the slope and b the intercept. In order to find the slope we have this formula:
Where:
With these we can find the sums:
And the slope would be:
Nowe we can find the means for x and y like this:
And we can find the intercept using this:
So the line would be given by:
Part b
For this case we need to calculate the correlation coefficient given by:
So then the correlation coefficient would be r =-0.932
The % of variation is given by the determination coefficient given by and on this case
, so then the % of variation explained by the linear model is 86.87%.
Answer:
Tina would save the same amount using either option after 20 months.
With either option, Tina would save $700.
Step-by-step explanation:
This problem can be modeled by a first order equation:
Where Tina's saved money after n months is:
S(n) = S(0) + rn, where S(0) is the money put away initially and r is how much she saves every month.
The first option is to put $500 away initially and save $10 every month, so:
The second option is to put $100 away initially and save $30 every month, so:
After how many months would Tina save the same amount using either option?
It will happen at the month n in which , so:
500 + 10n = 100 + 30n
500 - 100 = 30 - 10n
400 = 20n
20n = 400
n = 20.
Tina would save the same amount using either option after 20 months.
How much would she save with either option?
We can choose or
, since they are equal
With either option, Tina would save $700.