The following data represent the number of basic cable TV subscribers in the United States.A market researcher
Question:
The following data represent the number of basic cable TV subscribers in the United States.A market researcher believes that external factors, such as satellite TV, have affected the growth of cable subscribers. She is interested in building a model that can be used to describe the number of cable TV subscribers in the United States.
Year ………………………………… Subscribers (1,000)
1975 (t = 5) ……………………………………… 9,800
1980 (t = 10) …………………………………… 17,500
1985 (t = 15) …………………………………… 35,440
1990 (t = 20) …………………………………… 50,520
1992 (t = 22) …………………………………… 54,300
1994 (t = 24) …………………………………… 58,373
1996 (t = 26) …………………………………… 62,300
1998 (t = 28) …………………………………… 64,650
2000 (t = 30) …………………………………… 66,250
2002 (t = 32) …………………………………… 66,472
2004 (t = 34) …………………………………… 65,727
2006 (t = 36) …………………………………… 65,319
(a) Using a graphing utility, draw a scatter diagram of the data using the number of years after 1970, t, as the independent variable and number of subscribers as the dependent variable.
(b) Using a graphing utility, build a logistic model from the data.
(c) Using a graphing utility, draw the function found in part (b) on the scatter diagram.
(d) Based on the model found in part (b), what is the maximum number of cable TV subscribers in the United States?
(e) Use the model found in part (b) to predict the number of cable TV subscribers in the United States in 2015.
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