Question

In: Statistics and Probability

Consider this scenario: The population of a city increased steadily over a six-year span. The following...

Consider this scenario: The population of a city increased steadily over a six-year span. The following ordered pairs show the population and the year over the six-year span (population, year) for specific recorded years.

(3,700, 2000),    (3,900, 2001),    (4,800, 2003),    (5,950, 2006)

Use linear regression to determine a function y, where the year y depends on the population x, to five decimal places of accuracy. Use your function to predict when the population will hit 12,000. (Round your answer down to the nearest year.)

The population will hit 12,000 in the year ???? .

Solutions

Expert Solution

The following data are passed:

Population Year
3700 2000
3900 2001
4800 2003
5950 2006

The independent variable is Population, and the dependent variable is Year. In order to compute the regression coefficients, the following table needs to be used:

Population Year Population*Year Population2 Year2
3700 2000 7400000 13690000 4000000
3900 2001 7803900 15210000 4004001
4800 2003 9614400 23040000 4012009
5950 2006 11935700 35402500 4024036
Sum = 18350 8010 36754000 87342500 16040046

Based on the above table, the following is calculated:

Therefore, based on the above calculations, the regression coefficients (the slope m, and the y-intercept n) are obtained as follows:

Therefore, we find that the regression equation is:

Year = 1990.7116 + 0.0026 * Population

When Population =12000 then

Year = 1990.7116 + 0.0026 * 12000= 2021.9116

The population will hit 12000 in year 2022

Please upvote. Thanks!


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