The Projected Number of Wireless Subscribers Y (In Millions) from the Year

question 196

Multiple Choice

The projected number of wireless subscribers y (in millions) from the year 2000 through 2006 is summarized in the accompanying table: (Here, x = 0 corresponds to the beginning of 2000.) Find an equation of the least-squares line for these data.Please round the coefficients in your equation to two decimal places.Use the result to estimate the projected number of wireless subscribers at the beginning of 2010.

• A)y = 10x + 90.34; 190.570 million
• B)y = 10x + 90.34; 190.340 million
• C)y = 9.97x + 90.31; 190.170 million
• D)y = 9.97x + 90.31; 190.010 million

---

Definitions:

Property Rights

The legal rights to use, control, and derive benefits from a property or resource, including the right to exclude others from doing so.

Production Possibilities Frontier (PPF)

A curve depicting all maximum output possibilities for two or more goods given a set of inputs, representing the trade-offs of choosing one good over another.

Output Combination

A specific mix of goods and services produced by an economy or firm, reflecting the allocation of resources.

Production Possibilities Frontier (PPF)

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources), assuming all inputs are fully employed.