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The Data in the Table Below Can Be Used to Explore

question 8

Essay

The data in the table below can be used to explore the association between the rate of television ownership and per capita gross domestic product for several countries. $\begin{array} { | l | c | c | } \hline & \text { TVs per } 1000 & \begin{array} { c } \text { per capita } \\\text { GDP (USD) }\end{array} \\\hline \text { Algeria } & 105 & 5500 \\\hline \text { Australia } & 554 & 23,200 \\\hline \text { China } & 321 & 3,600 \\\hline \text { Dominican } & & \\\text { Republic } & 95 & 5,700 \\\hline \text { Hungary } & 435 & 11,200 \\\hline \text { Italy } & 528 & 22,100 \\\hline \text { Russia } & 410 & 7,700 \\\hline \text { Syria } & 70 & 3,100 \\\hline \text { United States } & 806 & 36,200 \\\hline\end{array}$ a)Make a scatterplot showing the trend in television ownership versus per capita GDP.Describe what you see. $The data in the table below can be used to explore the association between the rate of television ownership and per capita gross domestic product for several countries. \begin{array} { | l | c | c | } \hline & \text { TVs per } 1000 & \begin{array} { c } \text { per capita } \\ \text { GDP (USD) } \end{array} \\ \hline \text { Algeria } & 105 & 5500 \\ \hline \text { Australia } & 554 & 23,200 \\ \hline \text { China } & 321 & 3,600 \\ \hline \text { Dominican } & & \\ \text { Republic } & 95 & 5,700 \\ \hline \text { Hungary } & 435 & 11,200 \\ \hline \text { Italy } & 528 & 22,100 \\ \hline \text { Russia } & 410 & 7,700 \\ \hline \text { Syria } & 70 & 3,100 \\ \hline \text { United States } & 806 & 36,200 \\ \hline \end{array} a)Make a scatterplot showing the trend in television ownership versus per capita GDP.Describe what you see. b)Determine the correlation and comment on its significance. c)Find the equation of the line of regression.Interpret the slope of the equation. d)Use your model to predict the rate of TV ownership for India,which has a per capita GDP of $2,200.How much confidence do you have in this prediction? Explain. e)Discuss the impact that the U.S.A.data exerts on the model.$ b)Determine the correlation and comment on its significance.
c)Find the equation of the line of regression.Interpret the slope of the equation.
d)Use your model to predict the rate of TV ownership for India,which has a per capita GDP of $2,200.How much confidence do you have in this prediction? Explain.
e)Discuss the impact that the U.S.A.data exerts on the model.

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Definitions:

Proprietorship

A business model where a single individual owns the company and is responsible for its assets and liabilities, also known as a sole proprietorship.

Single Individual

Refers to one person acting in a capacity, either personally or legally, without partnership or company.

Business

An organization involved in the trade of goods, services, or both to consumers.

Capital Deficits

Refers to a situation where a company's liabilities exceed its assets, indicating financial weakness or distress.