a.

US National Debt US National Debt ($1,000,000,000)

Year ($1,000,000,000)
20,000.00
30 16.19 y = 2.1483e
18,000.00
40 42.97
16,000.00
50 257.30

US National Debt
14,000.00
60 286.30
12,000.00
70 370.90
10,000.00
80 907.70
90 3,233.00 8,000.00

100 5,659.00 6,000.00

105 7,918.00 4,000.00

110 13,551.00 2,000.00
115 18,138.00 0.00
0 20 40 60 80

An exponential regression model is suggested. Year

b.
y=2.1483e^0.0789x

c.
y=2.1483e^0.0789*117
y=21,938.02764
The actual US debt in 2017 was 20,233 which means our model is 1,705 higher than the real number.
Source: https://en.wikipedia.org/wiki/National_debt_of_the_United_States#/media/File:USDebt.png

d.
30000=2.1483e^0.0789x
13964.53009=e^0.0789x
ln13964.53009=0.0789x
9.544275829=0.0789x
120.9667405=x
The national debt will reach 30 trillion dollars in 2021.
1,000,000,000)

y = 2.1483e0.0789x

100 120 140

a.
Population Population Growth in Jasmine
(in 000's) Year
120
1.25 40
100
3.3 50
6.6 60 80

Year
12 70 60
y = 17.931ln(x) + 29.867
21 80
40
30 90
20
45 100
60 110 0
0 10 20 30 40

A logarithmic regression model is suggested. Population (in 000's)

b.
y=17.931ln(x)+29.867

c.
y=17.931ln(50)+29.867
y=100.0134845
The population was 50,000 in the year 2000.
The equation predicted that the population would be 50,000 in the year 2000, but our chart indicates that it was only 45,000

d.
117=17.931ln(x)+29.867
87.133=17.931ln(x)
4.85934973=ln(x)
e^4.85934973=x
x=128.9403288
The population of Jasmine, New Mexico will be 128,940 in 2017.
th in Jasmine

y = 17.931ln(x) + 29.867

50 60 70
on (in 000's)

ndicates that it was only 45,000 - 5,000 less.

a.
Age Annual Premium
25 $ 330.00 Premiums for 55+
30 $ 335.00 $4,500.00
35 $ 360.00
$4,000.00
40 $ 432.00 y = 271.7x - 13596
$3,500.00
45 $ 619.00

Annual Premium
$3,000.00
50 $ 919.00
$2,500.00
55 $ 1,455.00
$2,000.00
60 $ 2,492.00
65 $ 4,172.00 $1,500.00
$1,000.00
$500.00
$-
54 56 58 60 62
Age

b.
y=271.7x-13596

c.

linear exponential Linear % Exp %

age premium prediction prediction Difference Difference
55 1455 1348 1558 93% 107%
60 2492 2706 2165 109% 87%
65 4172 4065 3006 97% 72%

d.
The linear regression model would be better to predict the annual premium for a 64 year-old.
The difference between the linear model and the actual premiums is less than the difference
between the exponential model and the actual premiums.

e.
The exponential regression model would be better for predicting the annual premium for a 27
year-old person. This is because the linear model would predict a premium than is much lower
than the actual premium for 27 year-olds since it wouldn't take into account the exponential
growth experienced in the life insurance industry.
 Premiums by Age
$5,000.00

$4,000.00

Annual Premium
$3,000.00 y = 42.012e0.0657x

$2,000.00

$1,000.00

$-
0 10 20 30 40 50 60 70
64 66 $(1,000.00)
Age
70