a) Does a linear trendline seem unreasonable for this data? b) Does an exponential trendline seem unreasonable
Question:
a) Does a linear trendline seem unreasonable for this data?
b) Does an exponential trendline seem unreasonable for this data?
c) Write down the linear model’s equation and describe what each of the items in the model mean in “real-world dice rolling terms”. 3
d) Write down the exponential model’s equation and describe what the positive value in the model means in “real-world dice rolling terms”.
e) How come the exponent is negative?
f) Where is the initial value in the linear model?
g) Where is the initial value in the exponential model?
h) Where is the rate in the linear model?
i) Where is the rate in the exponential model?
j) Which is a better model for this data? How can you determine this by looking at the chart of the data?
Essentials of Business Statistics Communicating With Numbers
ISBN: 978-0078020544
1st edition
Authors: Sanjiv Jaggia, Alison Kelly