06 Jun The graph of a function () passes through the points
Question
(a) Find a Cubic polynomial () = 3 + 2 + + whose graph passes through these
points using matrices. Hint: Setup a Systems of Equations for each of the ordered pairs and
then solve for the unknowns.
(b) Graph () . Show the equation of the trend-line (Cubic Polynomial) on the
graph.
2. Carpet City wants to develop a means to forecast its carpet sales. The store manager believes
that the store’s sales are directly related to the number of new housing starts in town. The
manager has gathered data from county records on monthly house construction permits and
from store records on monthly sales. These data are as follows:
Carpet
5 10
4
3
8
2
12
11
9
14
Sales
(000 yd.)
Permits
21 35
10
12
16
9
41
15
18
26
Develop a linear regression model using Data Analysis (Regression) for these data and forecast
carpet sales if 30 construction permits for new homes are filled.
3. The surface roughness of coated interior pipes (in micrometers) used in oil fields is as follows:
1.72, 2.50, 2.16, 2.13, 1.06, 2.24, 2.31, 2.03, 1.09, 1.40, 2.57, 2.64, 1.26, 2.05, 1.19, 2.13, 1.27,
1.51, 2.41, 1.95.
(a) Find the sample mean and the sample standard deviation.
(b) Construct a 95% confidence interval for the population mean by using the following
equations: = ̅ −
√
and = ̅ +
.
√
5
9
4. The equation = ( − 32) ∗ + 273.15 coverts the temperature from ℉ (Fahrenheit) to K
(Kelvin) and vice versa. Create a macro to convert temperature from K to ℉. Name the macro
KTOF (Keyboard shortcut: Ctrl + k). Use KTOF to convert 233.15, 273.15, 288.70, and 310.93
to℉. Your solution should clearly show the macro.
5. Compound interest is given as = (1 + ) where A is the amount (future value) at the end
of n periods, P is the principal (present value), i is the interest rate per compounding period, and
n is the number of compounding periods.
A newborn child receives a $20,000 gift toward college from her grandparents. If the money is
invested at 7% compounded quarterly, write a VBA function (Name it FVAL) to find the future
value in 17 years by using the equation given above.
Create a second VBA function (Name it TINT) to find the total interest that will be paid over 17
years.
Use FVAL and TINT to find the future value and the total interest for 19 years, 21 years, 23 years,
and 25 years. Your solution should clearly show the functions.
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