1. Use the data given to solve the following problems.Savings needed for Health-Care Expenses During RetirementAge at DeathSavings Needed80$219,00085$307,00090$409,00095$524,000100$656,000Source: Employee Benefit Research Institutea.) Use a graphing calculator or Desmos to create a scatterplot of the data. Upload animage of thatb.) Use the graphing utility's regression option to compare the following models: y=ab",y= a + blnx, y= ax+b, and y = axb. Submit a sketch or image of each.c.) Discuss how each of the regression curves in part b fit the data by looking at thecorrelation constant r.d.) Use the model (equation) with the best correlation constant, r from part c and predictby which year the population will reach 315 million.

Answered: Image /qna-images/answer/98939ed1-b566-4156-b8ad-acafaa1a92bf.jpg

Answered: Use the data given to solve the…

Use the data given to solve the following problems. Savings needed for Health-Care Expenses During Retirement Age at Death Savings Needed 80 $219,000 85 $307,000 90 $409,000

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 33PT: Enter the data from Table 2 into a graphing calculator and graph the ranking scatter plot. Determine...

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Question

100%

1. Use the data given to solve the following problems.
Savings needed for Health-Care Expenses During Retirement
Age at Death
Savings Needed
80
$219,000
85
$307,000
90
$409,000
95
$524,000
100
$656,000
Source: Employee Benefit Research Institute
a.) Use a graphing calculator or Desmos to create a scatterplot of the data. Upload an
image of that
b.) Use the graphing utility's regression option to compare the following models: y=ab",
y= a + blnx, y= ax+b, and y = axb. Submit a sketch or image of each.
c.) Discuss how each of the regression curves in part b fit the data by looking at the
correlation constant r.
d.) Use the model (equation) with the best correlation constant, r from part c and predict
by which year the population will reach 315 million.

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