/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 9 (Requires technology to find a b... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

(Requires technology to find a best-fit function.) Reliable data on Internet use are hard to find, but World Telecommunications Indicators cites estimates of 3 million U.S. users in 1991,30 million in 1996,166 million in 2002,199 million in 2004 and 232 million in 2007 . a. Use technology to plot the data, and generate a best-fit linear and a best- fit exponential function for the data. Which do you think is the better model? b. What would the linear model predict for Internet usage in \(2010 ?\) What would the exponential model predict? c. Internet use: Go online and see if you can find the number of current internet users in the U.S. Which of your models turned out to be more accurate?

Short Answer

Expert verified
Use both linear and exponential regression to find the best-fit function; compare them to decide which is better. Predict 2010 usage using both models. Compare the predictions to actual 2010 data to see which model was more accurate.

Step by step solution

01

- Input the Data

The data points are given for the number of Internet users in the U.S. for certain years. List the pairs as follows: (1991, 3 million), (1996, 30 million), (2002, 166 million), (2004, 199 million), and (2007, 232 million).
02

- Use Technology to Plot the Data

Utilize a graphing calculator or plotting software like Desmos or Excel. Input the data points to create a scatter plot. This visual representation will help in understanding the trend.
03

- Generate a Best-Fit Linear Function

Using the plotting software or a calculator, find the linear regression equation, which can be written as: \[ y = mx + b \]where 'm' is the slope and 'b' is the y-intercept.
04

- Generate a Best-Fit Exponential Function

Next, find the exponential regression equation using the technology, which can be written as: \[ y = a \times e^{bx} \]where 'a' is the initial value and 'b' is the growth rate.
05

- Compare Models

Compare the scatter plot with both the linear and exponential functions overlaid. Analyze which model fits the data points more closely. Exponential growth usually fits better for the rapidly increasing data.
06

- Predict Internet Usage in 2010 using Linear Model

Substitute the year 2010 (x = 2010) into the linear model equation obtained, and solve for 'y'. This result will give the predicted number of internet users in 2010.
07

- Predict Internet Usage in 2010 using Exponential Model

Similarly, substitute the year 2010 (x = 2010) into the exponential model equation obtained, and solve for 'y'. This result will give the predicted number of internet users in 2010.
08

- Find Actual Recent Data

Look up the actual number of internet users in the U.S. for the current year. This can typically be found on reliable internet or telecommunications statistical websites.
09

- Compare Predictions with Actual Data

Compare the predicted values from both models for the year 2010 with the actual number of internet users found. Determine which model was more accurate.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

linear regression
Linear regression is a simple yet powerful statistical tool used to understand the relationship between two variables. In our Internet usage example, years are considered the independent variable (x), and the number of users is the dependent variable (y). To create a linear regression model, we use the best-fit line formula: \[ y = mx + b \]Here, ‘m’ represents the slope and ‘b’ represents the y-intercept. The slope ‘m’ shows how much ‘y’ changes for a unit change in ‘x.’ By plotting the given data points on a scatter plot and applying linear regression using tools like Excel or Desmos, we get this line to represent the trend in the data. The formula of the best-fit line can then predict future values. For instance, plugging the year 2010 into the linear equation gives a prediction of internet users for that year.
exponential growth
Exponential growth describes a situation where the growth rate of a value is proportional to its current value. This type of growth is common in scenarios involving rapid increases, like Internet usage. The formula for exponential growth is: \[ y = a \times e^{bx} \]Here, ‘a’ is the starting value, 'b' is the growth rate, and ‘e’ is the base of the natural logarithm. In our context, 'y' represents the number of internet users, and 'x' is the year. When we use exponential regression on our data, we fit an exponential curve that shows a more accurate trend for data illustrating rapid increases. Thus, substituting the year 2010 into the exponential equation calculates the predicted Internet users for that year, likely yielding a higher value than the linear model.
data plotting
Data plotting is essential for visualizing trends and patterns within a dataset. By plotting the given data points: (1991, 3 million), (1996, 30 million), (2002, 166 million), (2004, 199 million), and (2007, 232 million), on a scatter plot, we can visually assess how the values change over time. This step helps in selecting the best-fit model. Technology tools like graphing calculators or software (e.g., Excel, Desmos) make plotting easier and more precise. The visual scatter plot aids in comparing different models (linear and exponential) overlaying the data, showing which one adheres more closely to the actual data points.
data prediction
Data prediction involves using mathematical models to forecast future values based on current and historical data. For this exercise, both the linear and exponential models are used to predict the number of internet users in 2010. Here’s how predictions are made:
- **Linear Model**: Insert the value of the desired year into the linear equation obtained from linear regression.
- **Exponential Model**: Insert the year into the exponential equation obtained from exponential regression.
After calculating the predicted values, we can compare them with the actual data from 2010 to determine which model was more accurate. Accurate predictions help in strategic planning and decision-making in various fields like business, technology, and science.

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Most popular questions from this chapter

Write an equation for an exponential decay function where: a. The initial population is 10,000 and the decay factor is \(\frac{2}{3}\). b. The initial population is \(2.7 \cdot 10^{13}\) and the decay factor is 0.27 c. The initial population is 219 and the population drops to one-tenth its previous size during each time period.

Which of the following exponential functions represent growth and which decay? a. \(N=50 \cdot 2.5^{T}\) b. \(y=264(5 / 2)^{x}\) c. \(R=745(1.001)^{t}\) d. \(g(z)=\left(3 \cdot 10^{5}\right) \cdot(0.8)^{z}\) e. \(f(T)=\left(1.5 \cdot 10^{11}\right) \cdot(0.35)^{T}\) f. \(h(x)=2000\left(\frac{2}{3}\right)^{x}\)

Which of the following functions (if any) are equivalent? Explain your answer. a. \(f(x)=40(0.625)^{x}\) b. \(g(x)=40\left(\frac{5}{8}\right)^{x}\) c. \(h(x)=40\left(\frac{8}{5}\right)^{-x}\)

In a chain letter one person writes a letter to a number of other people, \(N,\) who are each requested to send the letter to \(N\) other people, and so on. In a simple case with \(N=2\), let's assume person Al starts the process. Al sends to \(\mathrm{B} 1\) and \(\mathrm{B} 2 ; \mathrm{B} 1\) sends to \(\mathrm{C} 1\) and \(\mathrm{C} 2 ; \mathrm{B} 2\) sends to \(\mathrm{C} 3\) and \(\mathrm{C} 4\); and so on. A typical letter has listed in order the chain of senders who sent the letters. So \(\mathrm{D} 7\) receives a letter that has \(\mathrm{A} 1, \mathrm{~B} 2\), and \(\mathrm{C} 4\) listed. If these letters request money, they are illegal. A typical request looks like this: \(\cdot\) When you receive this letter, send \(\$ 10\) to the person on the top of the list. \(\cdot\) Copy this letter, but add your name to the bottom of the list and leave off the name at the top of the list. \(\cdot\) Send a copy to two friends within 3 days. For this problem, assume that all of the above conditions hold. a. Construct a mathematical model for the number of new people receiving letters at each level \(L,\) assuming \(N=2\) as shown in the above tree. b. If the chain is not broken, how much money should an individual receive? c. Suppose A 1 sent out letters with two additional phony names on the list (say Ala and Alb) with P.O. box addresses she owns. So both \(\mathrm{B} 1\) and \(\mathrm{B} 2\) would receive a letter with the list \(\mathrm{A} 1, \mathrm{~A} 1 \mathrm{a},\) Alb. If the chain isn't broken, how much money would Al receive? d. If the chain continued as described in part (a), how many new people would receive letters at level \(25 ?\) e. Internet search: Chain letters are an example of a "pyramid growth" scheme. A similar business strategy is multilevel marketing. This marketing method uses the customers to sell the product by giving them a financial incentive to promote the product to potential customers or potential salespeople for the product. (See Exercise \(31 .)\) Sometimes the distinction between multilevel marketing and chain letters gets blurred. Search the U.S. Postal Service website (www.usps.gov) for "pyramid schemes" to find information about what is legal and what is not. Report what you find.

MCI, a phone company that provides long-distance service, introduced a marketing strategy called "Friends and Family." Each person who signed up received a discounted calling rate to ten specified individuals. The catch was that the ten people also had to join the "Friends and Family" program. a. Assume that one individual agrees to join the "Friends and Family" program and that this individual recruits ten new members, who in turn each recruit ten new members, and so on. Write a function to describe the number of new people who have signed up for "Friends and Family" at the \(n\) th round of recruiting. b. Now write a function that would describe the total number of people (including the originator) signed up after \(n\) rounds of recruiting. c. How many "Friends and Family" members. stemming from this one person, will there be after five rounds of recruiting? After ten rounds? d. Write a 60 -second summary of the pros and cons of this recruiting strategy. Why will this strategy eventually collapse?

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