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References

Data from the Centers for Disease Control and Prevention.

Data from the National Center for HIV, STD, and TB Prevention.

Chapter review

The most basic type of association is a linear association. This type of relationship can be defined algebraically by the equations used, numerically with actual or predicted data values, or graphically from a plotted curve. (Lines are classified as straight curves.) Algebraically, a linear equation typically takes the form y = mx + b , where m and b are constants, x is the independent variable, y is the dependent variable. In a statistical context, a linear equation is written in the form y = a + bx , where a and b are the constants. This form is used to help readers distinguish the statistical context from the algebraic context. In the equation y = a + bx , the constant b that multiplies the x variable ( b is called a coefficient) is called as the slope . The slope describes the rate of change between the independent and dependent variables; in other words, the rate of change describes the change that occurs in the dependent variable as the independent variable is changed. In the equation y = a + bx , the constant a is called as the y -intercept. Graphically, the y -intercept is the y coordinate of the point where the graph of the line crosses the y axis. At this point x = 0.

The slope of a line is a value that describes the rate of change between the independent and dependent variables. The slope tells us how the dependent variable ( y ) changes for every one unit increase in the independent ( x ) variable, on average. The y -intercept is used to describe the dependent variable when the independent variable equals zero. Graphically, the slope is represented by three line types in elementary statistics.

Formula review

y = a + bx where a is the y -intercept and b is the slope. The variable x is the independent variable and y is the dependent variable.

Use the following information to answer the next three exercises . A vacation resort rents SCUBA equipment to certified divers. The resort charges an up-front fee of $25 and another fee of $12.50 an hour.

What are the dependent and independent variables?

dependent variable: fee amount; independent variable: time

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Find the equation that expresses the total fee in terms of the number of hours the equipment is rented.

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Use the following information to answer the next two exercises . A credit card company charges $10 when a payment is late, and $5 a day each day the payment remains unpaid.

Find the equation that expresses the total fee in terms of the number of days the payment is late.

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Is the equation y = 10 + 5 x – 3 x 2 linear? Why or why not?

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Which of the following equations are linear?

a. y = 6 x + 8

b. y + 7 = 3 x

c. y x = 8 x 2

d. 4 y = 8

y = 6 x + 8, 4 y = 8, and y + 7 = 3 x are all linear equations.

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Does the graph show a linear equation? Why or why not?

This is a graph of an equation. The x-axis is labeled in intervals of 1 from -5 to 5; the y-axis is labeled in intervals of 1 from 0 - 8. The equation's graph is a parabola, a u-shaped curve that has a minimum value at (0, 0).
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[link] contains real data for the first two decades of AIDS reporting.

Adults and adolescents only, united states
Year # AIDS cases diagnosed # AIDS deaths
Pre-1981 91 29
1981 319 121
1982 1,170 453
1983 3,076 1,482
1984 6,240 3,466
1985 11,776 6,878
1986 19,032 11,987
1987 28,564 16,162
1988 35,447 20,868
1989 42,674 27,591
1990 48,634 31,335
1991 59,660 36,560
1992 78,530 41,055
1993 78,834 44,730
1994 71,874 49,095
1995 68,505 49,456
1996 59,347 38,510
1997 47,149 20,736
1998 38,393 19,005
1999 25,174 18,454
2000 25,522 17,347
2001 25,643 17,402
2002 26,464 16,371
Total 802,118 489,093

Use the columns "year" and "# AIDS cases diagnosed. Why is “year” the independent variable and “# AIDS cases diagnosed.” the dependent variable (instead of the reverse)?

The number of AIDS cases depends on the year. Therefore, year becomes the independent variable and the number of AIDS cases is the dependent variable.

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Use the following information to answer the next two exercises . A specialty cleaning company charges an equipment fee and an hourly labor fee. A linear equation that expresses the total amount of the fee the company charges for each session is y = 50 + 100 x .

What are the independent and dependent variables?

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What is the y -intercept and what is the slope? Interpret them using complete sentences.

The y -intercept is 50 ( a = 50). At the start of the cleaning, the company charges a one-time fee of $50 (this is when x = 0). The slope is 100 ( b = 100). For each session, the company charges $100 for each hour they clean.

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Use the following information to answer the next three questions . Due to erosion, a river shoreline is losing several thousand pounds of soil each year. A linear equation that expresses the total amount of soil lost per year is y = 12,000 x .

What are the independent and dependent variables?

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How many pounds of soil does the shoreline lose in a year?

12,000 pounds of soil

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What is the y -intercept? Interpret its meaning.

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Use the following information to answer the next two exercises . The price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of stock for Shipment Express is y = 15 – 1.5 x where x is the number of hours passed in an eight-hour day of trading.

What are the slope and y -intercept? Interpret their meaning.

The slope is –1.5 ( b = –1.5). This means the stock is losing value at a rate of $1.50 per hour. The y -intercept is $15 ( a = 15). This means the price of stock before the trading day was $15.

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If you owned this stock, would you want a positive or negative slope? Why?

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Questions & Answers

What are the factors that affect demand for a commodity
Florence Reply
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
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Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
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Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
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Shukri
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Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
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Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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