b) enter a formula that computes what $100 in 2016 was worth in each current year's dollars.

c) using years since 1947 as the input, use the slope and intercept functions to determine the slope and y-intercept of the linear trendlines for both male and female median incomes in 2016$ over the time period from 1947 to 2016

d) interpret the slope value in a sentence for both males and females by filling in the blanks in the sentence below -- the __ is changing by ___ ___ per __.

e) use the values from part c to predict the male and female median incomes (2016$) in 2050.

f) looking at the median incomes for females from 1971 to 2016 and taking into account the real value of money and inflation: is it more accurate to say that these median incomes have increased by a factor of 10 or that they have doubled?

 

no longer need the scatterplot :

 
 
 

I need help with the scatter plot as well as parts b-f

Transcribed Image Text:

A 7 UNITED STATES 8 Year 9 1947. 10 1948 11 1949 12 1950 13 1951 14 1952 15 1953 16 1954 17 1955 18 1956 19 1957 20 1958 21 1959 22 1960 23 1961 24 1962 25 1963 26 1964 27 1965 28 1966 29 1967 30 1968 31 1969 32 1970 33 1971 34 1972 35 1973 36 1974 37 1975 38 1976 39 1977 40 1978 41 1979 42 1980 43 1981 44 1982 45 1983 46 1984 47 1985 48 1986 49 1987 B a.) Years Since 1947 Instructions 0 1 2 3 4 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 C 46,813 47,370 48,258 47,585 47,497 49,242 49,667 49,712 51,446 52,016 52,877 53,543 54,285 55,172 55,839 56,624 57,686 58,533 59,157 60,085 61,444 62,501 63,882 65,008 66,486 67,474 69,387 70,863 71,234 72,775 74,015 75,609 78,129 78,661 79,688 79,722 80,909 39 40 Questions 82,183) 83,631 84,471 85,713 + D 2,230 2,396 2,346 2,570 2,952 3,105 3,221 3,193 3,358 3,601 3,677 Male 3,743 3,997 4,080 4,189 4,372 4,511 4,647 5,023 5,306 5,553 5,980 6,429 6,670 6,903 7,450 8,056 8,452 8,853 9,426 10,123 10,935 11,779 12,530 13,473 13,950 14,631 15,600 16,311 17,114 17,786 20,968 20,860 20,680 22,375 23,819 24,603 25,351 24,908 26,312 27,784 27,468 27,212 28,821 28,946 29,423 30,406 30,945 31,450 33,480 34,391 34,902 36,167 37,223 36,805 36,492 38,237 38,912 37,113 35,921 36,165 36,534 36,932 36,337 34,761 34,152 33,348 33,543 34,336 34,709 35,791 35,960 21,479 22,725 23,510 24,651 25,179 27,150 27,379 27,715 29,791 31,823 32,702 33,340 34,380 36,526 38,076 38,988 40,364 41,704 42,160 44,065 46,843 48,544 50,224 51,647 52,603 54,487 57,029 59,642 60,807 63,170 65,407 71,864 79,921 80,826 82,139 82,505 83,830 85,555 86,531 87,822 89,661 1,017 1,009 960 953 1,045 1,147 1,166 1,160 1,120 1,149 1,200 1,176 1,223 1,261 1,279 1,342 1,372 1,449 1,521 1,638 1,801 2,019 2,132 Female 2,237 2,408 2,599 2,796 3,082 3,385 3,576 3,941 4,068 4,352 4,920 5,458 5,887 6,319 6,868 7,217 7,610 8,295 9,563 8,785 8,462 8,297 8,432 9,088 9,177 9,049 8,776 8,865 8,964 8,550 8,819 8,946 8,984 9,333 9,412 9,806 10,138 10,617 11,320 12,211 b.) $100 in 2016 12,344 12,344 12,730 13,339 13,505 13,533 13,735 13,720 14,223 13,739 13,425 13,649 13,835 14,073 14,487 15,116 15,357 15,915 16,771 A 7 UNITED STATES 8 Year 9 1947. 10 1948 11 1949 12 1950 13 1951 14 1952 15 1953 16 1954 17 1955 18 1956 19 1957 20 1958 21 1959 22 1960 23 1961 24 1962 25 1963 26 1964 27 1965 28 1966 29 1967 30 1968 31 1969 32 1970 33 1971 34 1972 35 1973 36 1974 37 1975 38 1976 39 1977 40 1978 41 1979 42 1980 43 1981 44 1982 45 1983 46 1984 47 1985 48 1986 49 1987 B a.) Years Since 1947 Instructions 0 1 2 3 4 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 C 46,813 47,370 48,258 47,585 47,497 49,242 49,667 49,712 51,446 52,016 52,877 53,543 54,285 55,172 55,839 56,624 57,686 58,533 59,157 60,085 61,444 62,501 63,882 65,008 66,486 67,474 69,387 70,863 71,234 72,775 74,015 75,609 78,129 78,661 79,688 79,722 80,909 39 40 Questions 82,183) 83,631 84,471 85,713 + D 2,230 2,396 2,346 2,570 2,952 3,105 3,221 3,193 3,358 3,601 3,677 Male 3,743 3,997 4,080 4,189 4,372 4,511 4,647 5,023 5,306 5,553 5,980 6,429 6,670 6,903 7,450 8,056 8,452 8,853 9,426 10,123 10,935 11,779 12,530 13,473 13,950 14,631 15,600 16,311 17,114 17,786 20,968 20,860 20,680 22,375 23,819 24,603 25,351 24,908 26,312 27,784 27,468 27,212 28,821 28,946 29,423 30,406 30,945 31,450 33,480 34,391 34,902 36,167 37,223 36,805 36,492 38,237 38,912 37,113 35,921 36,165 36,534 36,932 36,337 34,761 34,152 33,348 33,543 34,336 34,709 35,791 35,960 21,479 22,725 23,510 24,651 25,179 27,150 27,379 27,715 29,791 31,823 32,702 33,340 34,380 36,526 38,076 38,988 40,364 41,704 42,160 44,065 46,843 48,544 50,224 51,647 52,603 54,487 57,029 59,642 60,807 63,170 65,407 71,864 79,921 80,826 82,139 82,505 83,830 85,555 86,531 87,822 89,661 1,017 1,009 960 953 1,045 1,147 1,166 1,160 1,120 1,149 1,200 1,176 1,223 1,261 1,279 1,342 1,372 1,449 1,521 1,638 1,801 2,019 2,132 Female 2,237 2,408 2,599 2,796 3,082 3,385 3,576 3,941 4,068 4,352 4,920 5,458 5,887 6,319 6,868 7,217 7,610 8,295 9,563 8,785 8,462 8,297 8,432 9,088 9,177 9,049 8,776 8,865 8,964 8,550 8,819 8,946 8,984 9,333 9,412 9,806 10,138 10,617 11,320 12,211 b.) $100 in 2016 12,344 12,344 12,730 13,339 13,505 13,533 13,735 13,720 14,223 13,739 13,425 13,649 13,835 14,073 14,487 15,116 15,357 15,915 16,771

Answer rating: 100% (QA)

b The formula to compute what 100 in 2016 was worth in each current years dollars is Valu... View the full answer