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14111cwir3ws.1 - 3 The table below represents the...

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c Kendra Kilmer September 15, 2011 Fall 2011 Math 141 Week-in-Review #3 Exam 1 Review courtesy: Kendra Kilmer (covering Sections 1.3-1.5, 2.1-2.6) (Please note that this review is not all inclusive) 1. A printer is purchased in 2006 for \$25,000. It has been determined that this printer will be depreciated linearly over a 15 year period. If it is known that the book value of the printer is \$15,000 in 2014, what is the scrap value of this printer? 2. At a unit price of \$5, consumers in College Station will demand 15,000 Maroon Out T-Shirts. But for each \$1 increase in price, they will demand 2,000 fewer T-shirts. The suppliers of the Maroon Out T-Shirts will not produce any T-shirts if the selling price is \$3 or less, but at a unit price of \$8, they are willing to supply 30,000 T-shirts. What is the market equilibrium for Maroon Out T-shirts?
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Unformatted text preview: 3. The table below represents the population at Storyville High in 1000’s of people, since the year 1998. Year 1998 2001 2004 2005 Population . 179 . 862 1 . 246 1 . 358 (a) Find the equation of the least squares line. Let x represent the years since 1998 and let y represent the population in 1000’s of people. Round your values to four decimal places. (b) Using your rounded equation from part (a), what will the population at Storyville High be in 2009. (Round your answer to the nearest person) (c) Using your rounded equation from part (a), when will the population at Storyville High reach 3,000? (Round your answer to the nearest year) 1...
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