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Worksheet A Topics 1.13 - 1.14 Modeling Functions and Applications

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106 views3 pages

Worksheet A Topics 1.13 - 1.14 Modeling Functions and Applications

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venkasan002
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Worksheet A: (Topics 1.13 – 1.

14) Modeling and Applications Name:

𝑡
0.1 0.5 0.9 1.5 1.9 2.3 2.6
(in seconds)
𝐻 (𝑡 )
1.4 5.7 8.4 9.6 8.4 5.6 2.5
(in meters)

1. Justin Tucker, the kicker for the Baltimore Ravens, is considered one of the greatest kickers in NFL history. On a
recent kickoff, the height of the ball, in meters, was measured for selected times. This data is shown in the table above.
a) Based on this situation and the data presented in the table, would a linear, quadratic, or cubic function be most
appropriate to model this data? Give a reason for your answer.

b) Find the appropriate regression function to model these data.

c) Using the model found in part b, what is the predicted height of the football, in meters, at time 𝑡 = 1.3 seconds?

𝑡
0 1 13.5 19 26.5 31.5 35
(months)
𝐴 (𝑡 )
87.58 124.15 164.61 185.97 152.60 122.42 90.98
(in $)

2. The price of Amazon stock fluctuates over time. On December 6, 2019, one share of Amazon stock was $87.58. The
table above gives the price of one share of Amazon stock, in dollars, for selected times 𝑡, the number of months after
December 6, 2019.
a) Based on the data presented in the table, would a linear, quadratic, or cubic function be most appropriate to model this
data? Give a reason for your answer.

b) Find the appropriate regression function to model these data.

c) Using the model found in part b, what is the predicted price of one share of Amazon stock when 𝑡 = 16 months (April
6, 2021)?

d) The actual price for one share of Amazon stock on April 6, 2021 (𝑡 = 16) was $168.61. What is the residual for this
value?

Worksheet A: Models and Applications Topics 1.13 – 1.14 Created by Bryan Passwater
𝑡
0 1 2 3 5
(years)
𝑅 (𝑡 )
1.5 2.5 1.9 0.5 4.5
(in %)

3. The Federal Funds Rate is the targeted interest rate that commercial banks use when lending or borrowing money for
each other. This rate is set by the US Federal Reserve and had a large impact on the entire population. When the Federal
Funds Rate increases, the interest rates banks charge for personal loans, car loans, home mortgages, etc… will also
increase. The table above gives the Federal Funds Rate, in percent, for selected times 𝑡, where 𝑡 is the number of years
since 2018.

a) The data in the table can be modeled by the cubic regression function 𝑦 = 𝑎𝑥 3 + 𝑏𝑥 2 + 𝑐𝑥 + 𝑑. Write the equation of
this cubic regression function.

b) Based on the model found in part a, what is the predicted Federal Funds Rate for the year 2026 (𝑡 = 8)?

c) The highest Federal Fund Rate in US history was 20% in 1980. Based on this information and the answer found in
part b, do you think the cubic regression model found in part a is useful in predicting rates into the future? Explain your
reasoning.

𝑡
0 10 22 30 37
(years)
𝑁 (𝑡 )
12.4 21.8 20.4 19.3 22.6
(in quadrillion BTUs)

4. The function 𝑁 represents the total natural gas consumption in the United States, in quadrillions of BTUs, in a given
year. The table above gives values of 𝑁 for selected values of 𝑡, measured in years since 1960.

a) The data in the table can be modeled by the cubic regression function 𝑦 = 𝑎𝑥 3 + 𝑏𝑥 2 + 𝑐𝑥 + 𝑑. Write the equation of
this cubic regression function.

b) Based on the model found in part a, what was the predicted natural gas consumption for the US, in quadrillions of
BTUs, for the year 1967 (𝑡 = 7)?

Worksheet A: Models and Applications Topics 1.13 – 1.14 Created by Bryan Passwater
𝑡
0 4 7 13 17 22 25
(years)
𝐹 (𝑡 )
23 28 30.5 36 42 47 50
(in %)

5. In 1988, only 24% of primary care doctors in the UK were women. Since that time, the percentage of female primary
care doctors has consistently been increasing. The function 𝐹 represents the percent of primary care doctors that were
women in a given year, where 𝑡 = 0 represents the year 1988. The table above gives values for 𝐹 at selected values of 𝑡.
The function 𝐹 can be modeled by the linear regression function 𝑦 = 𝑎𝑡 + 𝑏, where 𝑎 and 𝑏 are constants.
a) Based on the data presented in the table, explain why a linear regression model for 𝐹 is appropriate.

b) Find the equation of the linear regression model 𝑦 = 𝑎𝑡 + 𝑏.

c) Using the model found in part b, what is the predicted percentage of female primary care doctors in the UK for the year
2021 (𝑡 = 33)?

d) In 2021, the women accounted for 55% of all primary care doctors in the UK. What is the residual for this value?

Worksheet A: Models and Applications Topics 1.13 – 1.14 Created by Bryan Passwater

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