The Table Shows the Projected Number N (In Millions)of Persons

question 5

Multiple Choice

The table shows the projected number N (in millions) of persons with pets in a certain country. $$\begin{array} { | c | c | c | c | c | } \hline \text { Year } & 2010 & 2015 & 2020 & 2025 \\\hline N & 39.15 & 47.8 & 56.81 & 65.96 \\\hline\end{array}$$ A model for this data is $N = 1.83 t + 20.9$ where t represents time in years, with $t = 10$ corresponding to the year 2010. According to the model, in what year will the number of pet owners exceed $72.14$ million?

• A) \(2034\)
• B) \(2029\)
• C) \(2024\)
• D) \(2027\)
• E) \(2028\)

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Definitions:

Statistically Significant

A determination that a result from data analysis is likely not due to chance at a predetermined level of significance.

Observation Period

The specific time frame over which data is collected or observations are made, often used in statistical analyses and studies.

High Variance

Refers to a wide range of outcomes or values in a set of data, indicating a high level of volatility or risk.

M2 Measure

A broad measure of a country's money supply that includes cash, checking deposits, and easily convertible near money.