4. The line of best fit is calculated for a data set that tracks the number of miles that passenger cars traveled annually in the \( U S \) from 1960 to 2010 . In the model, \( x=0 \) represents the year 1960 , and \( y \) is the number of miles traveled in billions. If the line of best fit is \( y=0.0293 x+0.563 \), approximately how many additional miles were traveled for every 5 years that passed? (A) 0.0293 billion (B) 0.1465 billion (C) 0.5630 billion (D) 0.7100 billion (E) 2.9615 billion
Real Tutor Solution
Answer
Solution
Reviewed and approved by the UpStudy tutoring team
The Deep Dive
For every year that passes, the equation \(y=0.0293x+0.563\) shows that the number of miles traveled increases by 0.0293 billion miles. To find out how many additional miles were traveled every 5 years, simply multiply this annual increase by 5. Doing the math: \(0.0293 \text{ billion} \times 5 = 0.1465 \text{ billion}\). So the answer is (B) 0.1465 billion! In the world of statistics, the line of best fit helps us make sense of trends over time, allowing policymakers or businesses to anticipate future needs based on past behavior. For instance, this model could help inform transportation infrastructure plans, environmental considerations, and fuel supply strategies as car travel patterns evolve. By understanding how many miles were driven, we can plan smarter for future growth!