1.

Mike Godfrey, the auditor of a state public school system, has reviewed the inventory records to determine if the current inventory holdings of textbooks are typical. The following inventory amounts are form the previous five years: Year 2007 2008 $4,850 2009 $5,430 2010 $5,670 2011 $5,930

Inventory (x$1,000) $4,560

2. John Barry, a hospital administrator, is planning for a new emergency room facility; he has examined the number of patient who have visited the present facility during each of the last six years. Year 2006 2007 436 2008 458 2009 513 2010 569 2011 631

Number of patients (x100) 398

(a) Find the linear equation that describes the trend in the number of patients visiting the emergency room. (b) Estimate for him the number of patients the hospitals emergency room should be prepared to accommodate 1980.

3. The publisher of Track and Road Magazine is interested in determining the rate at which the
number of subscribes has been increasing. The subscription information from the last eight years is presented below : Year Number Of subscriber (x1,000,000) 2000 12 2001 11 2002 19 2003 17 2004 19 2005 18 2006 20 2007 23

4. The number of farm loans approved by a small rural bank during the seven years from 2002 to
2008 were 975, 1.346, 1.221, 1.575, 1.776, 1.853, and 2.094, respectively. a. Develop the linear estimating equation that best describes these data. b. How many farm loans can the bank expect to make in 2009? 5. An examination of first class postal rates during the last twelve years by the U.S. Postal Servise led to the following table: Year Postal rate (c) 1995 5 1997 5 1999 8 2001 8 2003 10 2005 13 2007 16

a. Plot these data. b. Develop the linear estimating equation that best describes these data, and plot this line on the graph from part (a). (Let X Units = 1 year). c. Develop the second degree estimating equation that best describes these data, and plot this curve on the graph from part (a). 6. The Environtech Engineering Co., Ltd., a company that specializes in the construction of antipollution filtration devices, has recorded the following sales record over the last 9 years: Year Sales (x100,000) 1987 8 1999 9 2000 11 2001 12 2002 15 2003 19 2004 25 2005 26 2006 30

a. Plot these data. b. Develop the linear estimating equation that best describes these data, and plot this line on the graph from part (a). c. Develop the second degree estimating equation that best describes these data, and plot this curve on the graph from part (a).