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Snowcat [4.5K]
3 years ago
15

he scatter plot below shows the profit earned each month by a new company over the first year of operation. The owner writes a l

ine of best fit equation, shown below, to model the relationship between profit earned and month. y = 2,500x - 2,500 Explain how you know that the line of best fit equation is appropriate, mentioning both the slope and y-intercept in your response.
Mathematics
1 answer:
juin [17]3 years ago
4 0

The regression line fits the data well. Problem can be when there is a trend, like exponential growth, but someone still wants to use linear regression. Although in this case it seems to be okay. In other words, the data points can be found under or over the line randomly. In a problematic case is when for example, there are 5 data points next to each other under the line. Usually companies don't make profit when they're first starting.

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95% confidence interval for the difference between the proportions of males and females who have the blood disorder is [-0.064 , 0.014].

Step-by-step explanation:

We are given that a certain geneticist is interested in the proportion of males and females in the population who have a minor blood disorder.

A random sample of 1000 males, 250 are found to be afflicted, whereas 275 of 1000 females tested appear to have the disorder.

Firstly, the pivotal quantity for 95% confidence interval for the difference between population proportion is given by;

                        P.Q. = \frac{(\hat p_1-\hat p_2)-(p_1-p_2)}{\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} }  ~ N(0,1)

where, \hat p_1 = sample proportion of males having blood disorder= \frac{250}{1000} = 0.25

\hat p_2 = sample proportion of females having blood disorder = \frac{275}{1000} = 0.275

n_1 = sample of males = 1000

n_2 = sample of females = 1000

p_1 = population proportion of males having blood disorder

p_2 = population proportion of females having blood disorder

<em>Here for constructing 95% confidence interval we have used Two-sample z proportion statistics.</em>

<u>So, 95% confidence interval for the difference between the population proportions, </u><u>(</u>p_1-p_2<u>)</u><u> is ;</u>

P(-1.96 < N(0,1) < 1.96) = 0.95  {As the critical value of z at 2.5% level

                                             of significance are -1.96 & 1.96}  

P(-1.96 < \frac{(\hat p_1-\hat p_2)-(p_1-p_2)}{\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} } < 1.96) = 0.95

P( -1.96 \times {\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} } < {(\hat p_1-\hat p_2)-(p_1-p_2)} < 1.96 \times {\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} } ) = 0.95

P( (\hat p_1-\hat p_2)-1.96 \times {\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} } < (p_1-p_2) < (\hat p_1-\hat p_2)+1.96 \times {\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} } ) = 0.95

<u>95% confidence interval for</u> (p_1-p_2) =

[(\hat p_1-\hat p_2)-1.96 \times {\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} }, (\hat p_1-\hat p_2)+1.96 \times {\sqrt{\frac{\hat p_1(1-\hat p_1)}{n_1}+ \frac{\hat p_2(1-\hat p_2)}{n_2}} }]

= [ (0.25-0.275)-1.96 \times {\sqrt{\frac{0.25(1-0.25)}{1000}+ \frac{0.275(1-0.275)}{1000}} }, (0.25-0.275)+1.96 \times {\sqrt{\frac{0.25(1-0.25)}{1000}+ \frac{0.275(1-0.275)}{1000}} } ]

 = [-0.064 , 0.014]

Therefore, 95% confidence interval for the difference between the proportions of males and females who have the blood disorder is [-0.064 , 0.014].

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