Problem

Use the regression capabilities of a graphing calculator to complete Exercises 34Sales of...

Use the regression capabilities of a graphing calculator to complete Exercises 34

Sales of hybrid cars: Since their mass introduction near the turn of the century, the sales of hybrid cars in the United States grew steadily until late 2007, when the price of gasoline began showing signs of weakening and eventually dipped below $3.00/gal. Estimates for the annual sales of hybrid cars are given in the table for the years 2002 through 2009 (2000 S 0). (a) Use a graphing calculator to draw a scatterplot of the data and decide if the association is linear or nonlinear. (b) If linear, calculate a regression model for the data and display the scatterplot and data on the same screen. (c) Assuming that sales of hybrid cars recover, how many hybrids does the model project will be sold in the year 2012?

Source: http://www.hybridcar.com

Year

(2000 → 0)

Hybrid Sales

(in thousands)

2

35

3

48

4

88

5

200

6

250

7

352

8

313

9

292

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Solutions For Problems in Chapter 1.6