This data was taken from an unbiased study of beach chair rentals. Determine if the statements below are true or false.

(3 points)
True False
The equation for the line that best fits this data is y=1003x+100

Beach chair rentals go up $100 for every 3 degrees higher in temperature

If the temperature is around 28 degrees, then you could make about $900 in beach chair rentals

1 answer

To determine the truth value of the statements based on the given equation and information about beach chair rentals, we'll analyze each statement one by one.

  1. The equation for the line that best fits this data is y=1003x+100.

    • False: The equation given is likely a typographical error since no slope can realistically be calculated as 1003 in this context, and it would create an unrealistic linear relationship with such a large slope. A more typical relationship would have a smaller slope (e.g., around $100 increase per every few degrees).
  2. Beach chair rentals go up $100 for every 3 degrees higher in temperature.

    • True: If we assume a linear relationship, it implies that for each increase of 3 degrees, the revenue from rentals would increase by $100. This means the slope of the line would equal $100/3 degrees.
  3. If the temperature is around 28 degrees, then you could make about $900 in beach chair rentals.

    • True (assuming): If we take the provided equation (which may contain errors as previously stated), we can substitute 28 for x to estimate y (rental income).
      However, without knowing the context of the equation or the intercept of the model, we don't have enough information to definitively conclude that the resulting value will be $900. If we assume the intercept (100) serves as a starting point and based on an increase attributed to temperature (if applicable), this could be true.

To summarize:

  1. False
  2. True
  3. True (with some assumptions)