The projected number of navigation systems (in millions) installed in vehicles in North America, Europe and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The projected number of navigation systems (in millions) installed in vehicles in North America, Europe and Japan from 2012 to 2016 are shown in the following table Year Systems 3.9 installed 2012 2013 4.7 2014 5.8 2015 6.8 2016 7.8 a) Draw a scatter diagram for this data (USE EXCEL). Use "Years since 2012" on the x-axis. Make sure the scatter diagram includes all required elements (axes labels, title, and appropriate scale) b) Use the points for 2013 and 2015 to find an equation of a line modeling this situation c) Use EXCEL's Trendline feature to find an equation of a line modeling this situation d) Use the equation in b to predict number of systems sold in 2018 and do this again for the equation in part c. e) Now use extrapolation using the last two data points to make a prediction for 2018 f) Which method, in your opinion, is optimal to use in this case The projected number of navigation systems (in millions) installed in vehicles in North America, Europe and Japan from 2012 to 2016 are shown in the following table Year Systems 3.9 installed 2012 2013 4.7 2014 5.8 2015 6.8 2016 7.8 a) Draw a scatter diagram for this data (USE EXCEL). Use "Years since 2012" on the x-axis. Make sure the scatter diagram includes all required elements (axes labels, title, and appropriate scale) b) Use the points for 2013 and 2015 to find an equation of a line modeling this situation c) Use EXCEL's Trendline feature to find an equation of a line modeling this situation d) Use the equation in b to predict number of systems sold in 2018 and do this again for the equation in part c. e) Now use extrapolation using the last two data points to make a prediction for 2018 f) Which method, in your opinion, is optimal to use in this case
Expert Answer:
Answer rating: 100% (QA)
The image displays a text that outlines a mathematical question involving the creation of a scatter diagram and various methods of extrapolation to pr... View the full answer
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
Students also viewed these mathematics questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
1. Shown below is the IR spectrum of eugenol. Highlight the peaks assigned to O-H, C-H a stretching by annotating the spectrum. 100 90 80 70 60 50 40 30 Transmittance [%] OH eugenol 3800 3600 3400...
-
Describe the impact of mobile computing upon your business and project its impact in the future. Do the same for social media. In both cases, when considering impacts, consider how each technology...
-
Kim Walters recently accepted a job in the production department at Tootsie Roll. Before she starts work, she decides to review the companys annual report to better understand its operations....
-
The New Fund had average daily assets of $7.5 billion in the past year. New Fund's expense ratio was 0.75% and the management fee was 0.50%. Required: a. What were the total fees paid to the fund's...
-
Compare and contrast different theories of state formation and summarize the role that social stratification plays in states.
-
Jackson Ski Haus had the following statements prepared as of December 31, 2014. Additional information: 1. Dividends in the amount of $20,000 were declared and paid during 2014. 2. Depreciation...
-
4.1 [Statically Determinate Truss-Displacements] For the statically determinate truss shown in the figure below, determine, using the Principle of Complementary Virtual Work, (a) the horizontal...
-
Ozuna Company uses a job-order costing system with a plantwide predetermined overhead rate based on direct labor-hours. For job costing purposes, it uses an average direct labor wage rate of $20 per...
-
Huayi Compressor Barcelona, S.L. was founded in 2013 when Huayi Group (Huayi), a Chinese state-owned enterprise, acquired Cubigel Compressors, S.A., a bankrupt Spanish industrial enterprise. While...
-
Adapting conventional web content to make it mobile friendly can require rethinking the sites information architecture to simplify navigation and revising the content. Your task: Choose the website...
-
The following exercises help you improve your knowledge of and power over English grammar, mechanics, and usage. Turn to the Handbook of Grammar, Mechanics, and Usage at the end of this book and...
-
Conduct a search on the internet and estimate what percentage of people in Germany belong to each blood group. Which type of visual would you choose to demonstrate the data? Explain your choice.
-
Businesses that need to deal with large collections of textual information can use text mining (also known as text analytics) to reduce the work involved in reading and analyzing everything from...
-
Read Figure 13.14, a solicited proposal, and (1) analyze the strengths and weaknesses of this document and (2) revise the document so that it follows this chapters guidelines. Figure 13.14: Memco...
-
Mrs. Garcia borrowed 25,000 to start a market stall, at 14% simple interest. If she paid 10,000 every six month. A. How many times did she pay B. How much was her last payment? C. How much did she...
-
Consider a game of poker being played with a standard 52-card deck (four suits, each of which has 13 different denominations of cards). At a certain point in the game, six cards have been exposed. Of...
-
A simplex matrix for a standard maximization problem is given. (a) Write the values of all the variables (use x1, x2, x3, . . . and s1, s2, s3, . . .) and of the objective function f. (b) Indicate...
-
In Problems use a graphing calculator and (a) Graph each equation in the viewing window given. (b) Graph each equation in the standard viewing window. (c) Explain how the two views differ and why. 1....
-
One card is drawn at random from a deck of 52 cards. The first card is not replaced, and a second card is drawn. Find the probability that (a) Both cards are spades. (b) The first card is a heart and...
-
Estimate the fundamental frequency of a cantilever beam whose cross-sectional area and moment of inertia vary as \[A(x)=A_{0} \frac{x}{l} \quad \text { and } \quad I(x)=\bar{I} \frac{x}{l}\] where...
-
Find the response of a simply supported beam subject to a uniformly distributed harmonically varying load.
-
Prove that the constant \(a\) in Eq. (8.82) is positive for common boundary conditions. c dW(x) W(x) dx4 = 1 dT(t) T(t) dt = a = w (8.82)
Study smarter with the SolutionInn App