# Question: From the linear model fit to the data on GDP

From the linear model fit to the data on GDP growth of Exercise 46:

a) Write the equation of the regression line.

b) What is the meaning of the intercept? Does it make sense in this context?

c) Interpret the meaning of the slope.

d) In a year in which the United States grows at 0%, what do you predict for European growth?

e) In 2010, the United States experienced a 3.00% growth, while Europe grew at a rate of 1.78%. Is this more or less than you would have predicted?

f) What is the residual for this year?

a) Write the equation of the regression line.

b) What is the meaning of the intercept? Does it make sense in this context?

c) Interpret the meaning of the slope.

d) In a year in which the United States grows at 0%, what do you predict for European growth?

e) In 2010, the United States experienced a 3.00% growth, while Europe grew at a rate of 1.78%. Is this more or less than you would have predicted?

f) What is the residual for this year?

## Answer to relevant Questions

American League baseball games are played under the designated hitter rule, meaning that weak-hitting pitchers do not come to bat. Baseball owners believe that the designated hitter rule means more runs scored, which in ...Tell what each of the following residual plots indicates about the appropriateness of the linear model that was fit to the data. a) b) c) If we assume that the conditions for correlation are met, which of the following are true? If false, explain briefly. a) A correlation of 0.02 indicates a strong positive association. b) Standardizing the variables will make ...Concern over the weather associated with El Nino has increased interest in the possibility that the climate on Earth is getting warmer. The most common theory relates an increase in atmospheric levels of carbon dioxide ...A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50, and that 25% are under the age of 50 and conduct their banking online. a) What percentage of adults ...Post your question