Use a Graphing Calculator to Plot the Data and Find

question 240

Essay

Use a graphing calculator to plot the data and find the quadratic function of best fit.
-The following table shows the median number of hours of leisure time that Americans had each week in
various years. $\begin{array}{l|lllll}\text { Year } & 1973 & 1980 & 1987 & 1993 & 1997 \\\hline \text { Median \# of Leisure hrs per Week } & 26.2 & 19.2 & 16.6 & 18.8 & 19.5\end{array}$
Use x = 0 to represent the year 1973. Using a graphing utility, determine the quadratic regression equation for
the data given. What year corresponds to the time when Americans had the least time to spend on leisure?

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Definitions:

Financial Statements

Summarized records of a company's financial activities, including the balance sheet, income statement, and cash flow statement.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.

Future Decision Making

The process of considering and evaluating potential actions or policies with their anticipated outcomes in the context of future events.

Operating Cash Flow

The cash generated from a company's normal business operations, indicating the ability to generate adequate cash flow to maintain and expand operations.