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The Following Scatterplot Shows the Population of Canada Plotted Against

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The following scatterplot shows the population of Canada plotted against 5 year intervals from 1970 through 2015.
a. Based on the scatterplot, is the linear model appropriate? Explain. The following scatterplot shows the population of Canada plotted against 5 year intervals from 1970 through 2015. a. Based on the scatterplot, is the linear model appropriate? Explain.   b. A linear regression model was estimated to describe the trend in the population of Canada over time. Examine the plot of Residuals against Year shown below. Is the association between Population and Year reasonably straight?   c. Would a re-expression of the data help? If so, what would you recommend? b. A linear regression model was estimated to describe the trend in the population of Canada over time. Examine the plot of Residuals against Year shown below. Is the association between Population and Year reasonably straight? The following scatterplot shows the population of Canada plotted against 5 year intervals from 1970 through 2015. a. Based on the scatterplot, is the linear model appropriate? Explain.   b. A linear regression model was estimated to describe the trend in the population of Canada over time. Examine the plot of Residuals against Year shown below. Is the association between Population and Year reasonably straight?   c. Would a re-expression of the data help? If so, what would you recommend? c. Would a re-expression of the data help? If so, what would you recommend?

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Definitions:

Dividend Income

Income received from owning shares in a company, typically in the form of cash payments made to investors from the company's earnings.

Shares

Units of ownership in a company or financial asset that give shareholders a portion of the company's profits and voting rights.

Corporate Bond

A debt security issued by a corporation to raise capital, promising to repay the principal along with interest at a specified future date.

Total Return

A comprehensive measure of investment performance that includes both capital appreciation and income (such as dividends or interest) received over a specific period.

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