1  The Cartesian Coordinate System  Straight Lines  Linear Functions and Mathematical Models  Intersection of Straight Lines  The Method of Least.

Slides:



Advertisements
Similar presentations
Chapter 1 Linear Equations and Graphs
Advertisements

~ Chapter 6 ~ Algebra I Algebra I Solving Equations
Cartesian Plane and Linear Equations in Two Variables
Graphs Chapter 1 TexPoint fonts used in EMF. Read the TexPoint manual before you delete this box.: AA A A AAA A.
Linear Equations in Two Variables
Copyright © Cengage Learning. All rights reserved.
Finite Mathematics & Its Applications, 10/e by Goldstein/Schneider/SiegelCopyright © 2010 Pearson Education, Inc. 1 of 71 Chapter 1 Linear Equations and.
Linear Equations and Straight Lines
Learning Objectives for Section 1.2 Graphs and Lines
Chapter 1 Linear Equations and Graphs Section 2 Graphs and Lines.
Slope, Parallel and Perpendicular Lines
Chapter 1 Linear Equations and Graphs Section 2 Graphs and Lines.
Chapter one Linear Equations
Linear Equations and Functions
Solving Equations. Is a statement that two algebraic expressions are equal. EXAMPLES 3x – 5 = 7, x 2 – x – 6 = 0, and 4x = 4 To solve a equation in x.
Chapter 1 Functions and Linear Models Sections 1.3 and 1.4.
1 Preliminaries Precalculus Review I Precalculus Review II
Slide 1-1 Copyright © 2006 Pearson Education, Inc. Publishing as Pearson Addison-Wesley.
Linear Equations and Linear Inequalities
2 Graphs and Functions © 2008 Pearson Addison-Wesley. All rights reserved Sections 2.1–2.4.
coordinates, lines and increment
1. Copyright © 2007 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Graphing Linear Equations and Inequalities CHAPTER 4.1The Rectangular.
3.1 The Cartesian Coordinate Plane y axis x axis Quadrant I (+, +)Quadrant II (-, +) Quadrant III (-, -)Quadrant IV (+, -) Origin (0, 0) (-6,-3)
2.7 – Absolute Value Inequalities To solve an absolute value inequality, treat it as an equation. Create two inequalities, where the expression in the.
Copyright © 2013, 2009, 2005 Pearson Education, Inc. 1 2 Graphs and Functions Copyright © 2013, 2009, 2005 Pearson Education, Inc.
Equations of Lines Chapter 8 Sections
Chapter 1 Graphs and Functions
1 Learning Objectives for Section 1.2 Graphs and Lines The student will be able to identify and work with the Cartesian coordinate system. The student.
2 Graphs and Functions © 2008 Pearson Addison-Wesley. All rights reserved Sections 2.4–2.5.
1 Functions and Linear Models Chapter 1 Functions: Numerical, Algebraic and Graphical Linear Functions Linear Models Linear Regression Lecture 1.
FUNCTIONS AND GRAPHS.
Welcome to MM 212 Unit 4 Seminar!. Graphing and Functions.
1 © 2010 Pearson Education, Inc. All rights reserved © 2010 Pearson Education, Inc. All rights reserved Chapter 2 Graphs and Functions.
MAT 125 – Applied Calculus 1.4 Straight Lines. Today’s Class  We will be learning the following concepts in Section 1.3:  The Cartesian Coordinate System.
Precalculus Mathematics for Calculus Fifth Edition
Precalculus Fifth Edition Mathematics for Calculus James Stewart Lothar Redlin Saleem Watson.
Mathematics for Business and Economics - I
Chapter 1 Linear Functions. Slopes and Equations of Lines The Rectangular Coordinate System – The horizontal number line is the x-axis – The vertical.
© 2010 Pearson Education, Inc. All rights reserved Constructions, Congruence, and Similarity Chapter 12.
1. Interpret graphs. 2. Write a solution as an ordered pair. 3. Decide whether a given ordered pair is a solution of a given equation. 4. Complete ordered.
© 2010 Pearson Prentice Hall. All rights reserved. CHAPTER 7 Algebra: Graphs, Functions, and Linear Systems.
College Algebra Sixth Edition James Stewart Lothar Redlin Saleem Watson.
Sections 4.1 and 4.2 Linear Functions and Their Properties Linear Models.
1 Copyright © Cengage Learning. All rights reserved. 3 Functions and Graphs 3.3 Lines.
Do Now 1/25/12  Take out HW from last night. Mid-Term Review worksheet #1 Mid-Term Review worksheet #1 Mid-Term Review worksheet #2 Mid-Term Review worksheet.
CHAPTER 3 GRAPHING LINEAR FUNCTIONS  What you will learn:  Determine whether relations are functions  Find the domain and range of a functions  Identify.
1.3 The Cartesian Coordinate System
Slide Copyright © 2009 Pearson Education, Inc. Slide Copyright © 2009 Pearson Education, Inc. Welcome to MM150 – Unit 4 Seminar Unit 4 Seminar.
LINEAR EQUATIONS & THEIR GRAPHS CHAPTER 6. INTRODUCTION We will explore in more detail rates of change and look at how the slope of a line relates to.
Chapter 7 Graphing Linear Equations REVIEW. Section 7.1 Cartesian Coordinate System is formed by two axes drawn perpendicular to each other. Origin is.
Week 4 Functions and Graphs. Objectives At the end of this session, you will be able to: Define and compute slope of a line. Write the point-slope equation.
2 Graphs and Functions © 2008 Pearson Addison-Wesley. All rights reserved Sections 2.1–2.4.
Copyright © 2006 Brooks/Cole, a division of Thomson Learning, Inc. 1.2 Straight Lines Slope Point-Slope Form Slope-Intercept Form General Form.
Grade 10 Mathematics Graphs Application.
1 The Coordinate Plane Just as points on a line can be identified with real numbers to form the coordinate line, points in a plane can be identified with.
Section 1-1 Points and Lines. Each point in the plane can be associated with an ordered pair of numbers, called the coordinates of the point. Each ordered.
Copyright © 2015 The McGraw-Hill Companies, Inc. Permission required for reproduction or display. Section 7.1 The Rectangular Coordinate System and Linear.
Chapter 3 Graphs and Functions. § 3.1 Graphing Equations.
Review Linear Equations and Graphs. Linear Equations in Two Variables A linear equation in two variables is an equation that can be written in the standard.
Section 7.1 The Rectangular Coordinate System and Linear Equations in Two Variables Math in Our World.
Copyright © Cengage Learning. All rights reserved. CHAPTER The Six Trigonometric Functions The Six Trigonometric Functions 1.
Copyright © 2004 Pearson Education, Inc. Chapter 2 Graphs and Functions.
CHAPTER 1 Linear Equations Section 1.1 p1.
Graphing Linear Equations and Inequalities
Chapter 1 Linear Equations and Graphs
Chapter 1 Linear Equations and Graphs
Chapter 1 Linear Equations and Graphs
Copyright © 2013, 2009, 2005 Pearson Education. Inc.
The Coordinate Plane; Graphs of Equations; Circles
Chapter 1 Linear Equations and Graphs
Presentation transcript:

1  The Cartesian Coordinate System  Straight Lines  Linear Functions and Mathematical Models  Intersection of Straight Lines  The Method of Least Squares Straight Lines and Linear Functions

1.1 The Cartesian Coordinate System

 We can represent real numbers geometrically by points on a real number, or coordinate, line:  This line includes all real numbers.  Exactly one point on the line is associated with each real number, and vice-versa (one dimensional space). Origin Positive Direction Negative Direction  The Cartesian Coordinate System

 The Cartesian coordinate system extends this concept to a plane (two dimensional space) by adding a vertical axis – 1 – 2 – 3 – 4

The Cartesian Coordinate System   The horizontal line is called the x-axis, and the vertical line is called the y-axis – 1 – 2 – 3 – 4 x y

The Cartesian Coordinate System  The point where these two lines intersect is called the origin – 1 – 2 – 3 – 4 x y Origin

The Cartesian Coordinate System  In the x-axis, positive numbers are to the right and negative numbers are to the left of the origin – 1 – 2 – 3 – 4 x y Positive Direction Negative Direction

The Cartesian Coordinate System  In the y-axis, positive numbers are above and negative numbers are below the origin – 1 – 2 – 3 – 4 x y Positive Direction Negative Direction

(– 2, 4) (–1, – 2) (4, 3) The Cartesian Coordinate System  A point in the plane can now be represented uniquely in this coordinate system by an ordered pair of numbers (x, y) – 1 – 2 – 3 – 4 x y (3, –1)

The Cartesian Coordinate System  The axes divide the plane into four quadrants as shown below – 1 – 2 – 3 – 4 x y Quadrant I (+, +) Quadrant II (–, +) Quadrant IV (+, –) Quadrant III (–, –)

The Distance Formula  The distance between any two points in the plane can be expressed in terms of the coordinates of the points. Distance formula  The distance d between two points P 1 (x 1, y 1 ) and P 2 (x 2, y 2 ) in the plane is given by

Examples  Find the distance between the points (– 4, 3) and (2, 6). Solution  Let (– 4, 3 and (2, 6 be points in the plane.  Let P 1 (– 4, 3) and P 2 (2, 6) be points in the plane.  We have x1 = – 4 y1 = 3 x2 = 2 y2 = 6x1 = – 4 y1 = 3 x2 = 2 y2 = 6x1 = – 4 y1 = 3 x2 = 2 y2 = 6x1 = – 4 y1 = 3 x2 = 2 y2 = 6  Using the distance formula, we have Example 1, page 4

Examples  Let P(x, y) denote a point lying on the circle with radius r and center C(h, k). Find a relationship between x and y. Solution  By the definition of a circle, the distance between P(x, y) and C(h, k) is r.  With the distance formula we get  Squaring both sides gives C(h, k) h k r P(x, y) y x Example 3, page 4

Equation of a Circle  An equation of a circle with center C(h, k) and radius r is given by

Examples  Find an equation of the circle with radius 2 and center (–1, 3). Solution  We use the circle formula with r = 2, h = –1, and k = 3: (–1, 3) –1 3 2 y x Example 4, page 5

Examples  Find an equation of the circle with radius 3 and center located at the origin. Solution  We use the circle formula with r = 3, h = 0, and k = 0: 3 y x Example 4, page 5

1.2 Straight Lines

Slope of a Vertical Line  Let L denote the unique straight line that passes through the two distinct points (x 1, y 1 ) and (x 2, y 2 ).  If x 1 = x 2, then L is a vertical line, and the slope is undefined. (x 1, y 1 ) (x 2, y 2 ) y x L

Slope of a Nonvertical Line  If (x 1, y 1 ) and (x 2, y 2 ) are two distinct points on a nonvertical line L, then the slope m of L is given by (x 1, y 1 ) (x 2, y 2 ) y x L y 2 – y 1 =  y x 2 – x 1 =  x

Slope of a Nonvertical Line  If m > 0, the line slants upward from left to right. x L  y = 1  x = 1 m = 1 y

Slope of a Nonvertical Line  If m > 0, the line slants upward from left to right. y x L  y = 2  x = 1 m = 2

m = –1 Slope of a Nonvertical Line  If m < 0, the line slants downward from left to right. x L  y = –1  x = 1 y

m = –2 Slope of a Nonvertical Line  If m < 0, the line slants downward from left to right. y x L  y = –2  x = 1

(2, 5) Examples  Sketch the straight line that passes through the point (2, 5) and has slope – 4/3. Solution 1.Plot the point (2, 5). 2.A slope of – 4/3 means that if x increases by 3, y decreases by 4. 3.Plot the resulting point (5, 1). 4.Draw a line through the two points. y x L  y = – 4  x = (5, 1)

Examples  Find the slope m of the line that goes through the points (–1, 1) and (5, 3). Solution  Choose (x 1, y 1 ) to be (–1, 1) and (x 2, y 2 ) to be (5, 3).  With x 1 = –1, y 1 = 1, x 2 = 5, y 2 = 3, we find Example 2, page 11

Examples  Find the slope m of the line that goes through the points (–2, 5) and (3, 5). Solution  Choose (x 1, y 1 ) to be (–2, 5) and (x 2, y 2 ) to be (3, 5).  With x 1 = –2, y 1 = 5, x 2 = 3, y 2 = 5, we find Example 3, page 11

–2 – Examples  Find the slope m of the line that goes through the points (–2, 5) and (3, 5). Solution  The slope of a horizontal line is zero: y x L (–2, 5) (3, 5) m = 0 Example 3, page 11

Parallel Lines  Two distinct lines are parallel if and only if their slopes are equal or their slopes are undefined.

Example  Let L 1 be a line that passes through the points (–2, 9) and (1, 3), and let L 2 be the line that passes through the points (– 4, 10) and (3, – 4).  Determine whether L 1 and L 2 are parallel. Solution  The slope m 1 of L 1 is given by  The slope m 2 of L 2 is given by  Since m 1 = m 2, the lines L 1 and L 2 are in fact parallel. Example 4, page 12

Equations of Lines  Let L be a straight line parallel to the y-axis.  Then L crosses the x-axis at some point (a, 0), with the x-coordinate given by x = a, where a is a real number.  Any other point on L has the form (a, ), where is an appropriate number.  The vertical line L can therefore be described as x = a (a, ) y x L (a, 0)

Equations of Lines  Let L be a nonvertical line with a slope m.  Let (x 1, y 1 ) be a fixed point lying on L, and let (x, y) be a variable point on L distinct from (x 1, y 1 ).  Using the slope formula by letting (x, y) = (x 2, y 2 ), we get  Multiplying both sides by x – x 1 we get

Point-Slope Form  An equation of the line that has slope m and passes through point (x 1, y 1 ) is given by

Examples  Find an equation of the line that passes through the point (1, 3) and has slope 2. Solution  Use the point-slope form  Substituting for point (1, 3) and slope m = 2, we obtain  Simplifying we get Example 5, page 13

Examples  Find an equation of the line that passes through the points (–3, 2) and (4, –1). Solution  The slope is given by  Substituting in the point-slope form for point (4, –1) and slope m = – 3/7, we obtain Example 6, page 14

Perpendicular Lines  If L 1 and L 2 are two distinct nonvertical lines that have slopes m 1 and m 2, respectively, then L 1 is perpendicular to L 2 (written L 1 ┴ L 2 ) if and only if

Example  Find the equation of the line L 1 that passes through the point (3, 1) and is perpendicular to the line L 2 described by Solution  L 2 is described in point-slope form, so its slope is m 2 = 2.  Since the lines are perpendicular, the slope of L 1 must be m 1 = –1/2  Using the point-slope form of the equation for L 1 we obtain Example 7, page 14

(a, 0) (0, b) Crossing the Axis  A straight line L that is neither horizontal nor vertical cuts the x-axis and the y-axis at, say, points (a, 0) and (0, b), respectively.  The numbers a and b are called the x-intercept and y-intercept, respectively, of L. y x L y-intercept x-intercept

Slope-Intercept Form  An equation of the line that has slope m and intersects the y-axis at the point (0, b) is given by y = mx + b

Examples  Find the equation of the line that has slope 3 and y-intercept of – 4. Solution  We substitute m = 3 and b = – 4 into y = mx + b and get y = 3x – 4 Example 8, page 15

Examples  Determine the slope and y-intercept of the line whose equation is 3x – 4y = 8. Solution  Rewrite the given equation in the slope-intercept form.  Comparing to y = mx + b, we find that m = ¾ and b = – 2.  So, the slope is ¾ and the y-intercept is – 2. Example 9, page 15

Applied Example  Suppose an art object purchased for $50,000 is expected to appreciate in value at a constant rate of $5000 per year for the next 5 years.  Write an equation predicting the value of the art object for any given year.  What will be its value 3 years after the purchase? Solution  Let x = time (in years) since the object was purchased y = value of object (in dollars)  Then, y = 50,000 when x = 0, so the y-intercept is b = 50,000.  Every year the value rises by 5000, so the slope is m =  Thus, the equation must be y = 5000x + 50,000.  After 3 years the value of the object will be $65,000: y = 5000(3) + 50,000 = 65,000 Applied Example 11, page 16

General Form of a Linear Equation  The equation Ax + By + C = 0 where A, B, and C are constants and A and B are not both zero, is called the general form of a linear equation in the variables x and y.

General Form of a Linear Equation  An equation of a straight line is a linear equation; conversely, every linear equation represents a straight line.

Example  Sketch the straight line represented by the equation 3x – 4y – 12 = 0 Solution  Since every straight line is uniquely determined by two distinct points, we need find only two such points through which the line passes in order to sketch it.  For convenience, let’s compute the x- and y-intercepts: ✦ Setting y = 0, we find x = 4; so the x-intercept is 4. ✦ Setting x = 0, we find y = –3; so the y-intercept is –3.  Thus, the line goes through the points (4, 0) and (0, –3). Example 12, page 17

Example  Sketch the straight line represented by the equation 3x – 4y – 12 = 0 Solution  Graph the line going through the points (4, 0) and (0, –3) (0, – 3) y x L 1 11– 1– 1– 2– 2– 3– 3– 4– 411– 1– 1– 2– 2– 3– 3– 4– 4 (4, 0) Example 12, page 17

Equations of Straight Lines Vertical line:x = a Horizontal line:y = b Point-slope form: y – y 1 = m(x – x 1 ) Slope-intercept form: y = mx + b General Form:Ax + By + C = 0

1.3 Linear Functions and Mathematical Models Real-world problem Mathematical model Solution of real- world Problem Solution of mathematical model Formulate Interpret Solve Test

Mathematical Modeling  Mathematics can be used to solve real-world problems.  Regardless of the field from which the real-world problem is drawn, the problem is analyzed using a process called mathematical modeling.  The four steps in this process are: Real-world problem Mathematical model Solution of real- world Problem Solution of mathematical model Formulate Interpret Solve Test

Functions  A function f is a rule that assigns to each value of x one and only one value of y.  The value y is normally denoted by f(x), emphasizing the dependency of y on x.

Example  Let x and y denote the radius and area of a circle, respectively.  From elementary geometry we have y = p x 2  This equation defines y as a function of x, since for each admissible value of x there corresponds precisely one number y = p x 2 giving the area of the circle.  The area function may be written as f(x) = p x 2  To compute the area of a circle with a radius of 5 inches, we simply replace x in the equation by the number 5: f(5) = p( 5 2 )= 25 p

Domain and Range  Suppose we are given the function y = f(x).  The variable x is referred to as the independent variable, and the variable y is called the dependent variable.  The set of all the possible values of x is called the domain of the function f.  The set of all the values of f(x) resulting from all the possible values of x in its domain is called the range of f.  The output f(x) associated with an input x is unique: ✦ Each x must correspond to one and only one value of f(x).

Linear Function  The function f defined by where m and b are constants, is called a linear function.

Applied Example: U.S. Health-Care Expenditures  Because the over-65 population will be growing more rapidly in the next few decades, health-care spending is expected to increase significantly in the coming decades.  The following table gives the projected U.S. health-care expenditures (in trillions of dollars) from 2005 through 2010:  A mathematical model giving the approximate U.S. health- care expenditures over the period in question is given by where t is measured in years, with t = 0 corresponding to Year Year Expenditure Expenditure Applied Example 1, page 29

Applied Example: U.S. Health-Care Expenditures  We have a.Sketch the graph of the function S and the given data on the same set of axes. b.Assuming that the trend continues, how much will U.S. health-care expenditures be in 2011? c.What is the projected rate of increase of U.S. health- care expenditures over the period in question? Year Year Expenditure Expenditure Applied Example 1, page 29

Applied Example: U.S. Health-Care Expenditures  We have Solution a.The graph of the given data and of the function S is: Year Year Expenditure Expenditure S(t) t Applied Example 1, page 29

Applied Example: U.S. Health-Care Expenditures  We have Solution b.The projected U.S. health-care expenditures in 2011 is or approximately $3.06 trillion. Year Year Expenditure Expenditure Applied Example 1, page 29

Applied Example: U.S. Health-Care Expenditures  We have Solution c.The function S is linear, so the rate of increase of the U.S. health-care expenditures is given by the slope of the straight line represented by S, which is approximately $0.18 trillion per year. Year Year Expenditure Expenditure Applied Example 1, page 29

Cost, Revenue, and Profit Functions  Let x denote the number of units of a product manufactured or sold.  Then, the total cost function is C(x)= Total cost of manufacturing x units of the product  The revenue function is R(x)= Total revenue realized from the sale of x units of the product  The profit function is P(x)= Total profit realized from manufacturing and selling x units of the product

Applied Example: Profit Function  Puritron, a manufacturer of water filters, has a monthly fixed cost of $20,000, a production cost of $20 per unit, and a selling price of $30 per unit.  Find the cost function, the revenue function, and the profit function for Puritron. Solution  Let x denote the number of units produced and sold.  Then, Applied Example 2, page 31

1.4 Intersections of Straight Lines

Finding the Point of Intersection  Suppose we are given two straight lines L 1 and L 2 with equations y = m 1 x + b 1 and y = m 2 x + b 2 (where m 1, b 1, m 2, and b 2 are constants) that intersect at the point P(x 0, y 0 ).  The point P(x 0, y 0 ) lies on the line L 1 and so satisfies the equation y = m 1 x + b 1.  The point P(x 0, y 0 ) also lies on the line L 2 and so satisfies y = m 2 x + b 2 as well.  Therefore, to find the point of intersection P(x 0, y 0 ) of the lines L 1 and L 2, we solve for x and y the system composed of the two equations y = m 1 x + b 1 and y = m 2 x + b 2

Example  Find the point of intersection of the straight lines that have equations y = x + 1 and y = – 2x + 4 Solution  Substituting the value y as given in the first equation into the second equation, we obtain  Substituting this value of x into either one of the given equations yields y = 2.  Therefore, the required point of intersection is (1, 2). Example 1, page 40

– – Example  Find the point of intersection of the straight lines that have equations y = x + 1 and y = – 2x + 4 Solution  The graph shows the point of intersection (1, 2) of the two lines: y x (1, 2) L1L1L1L1 L2L2L2L2 Example 1, page 40

Applied Example: Break-Even Level  Prescott manufactures its products at a cost of $4 per unit and sells them for $10 per unit.  If the firm’s fixed cost is $12,000 per month, determine the firm’s break-even point. Solution  The revenue function R and the cost function C are given respectively by  Setting R(x) = C(x), we obtain Applied Example 2, page 41

Applied Example: Break-Even Level  Prescott manufactures its products at a cost of $4 per unit and sells them for $10 per unit.  If the firm’s fixed cost is $12,000 per month, determine the firm’s break-even point. Solution  Substituting x = 2000 into R(x) = 10x gives  So, Prescott’s break-even point is 2000 units of the product, resulting in a break-even revenue of $20,000 per month. Applied Example 2, page 41

Applied Example: Market Equilibrium  The management of ThermoMaster, which manufactures an indoor-outdoor thermometer at its Mexico subsidiary, has determined that the demand equation for its product is where p is the price of a thermometer in dollars and x is the quantity demanded in units of a thousand.  The supply equation of these thermometers is where x (in thousands) is the quantity that ThermoMaster will make available in the market at p dollars each.  Find the equilibrium quantity and price. Applied Example 6, page 44

Applied Example: Market Equilibrium Solution  We need to solve the system of equations for x and p.  Let’s solve the first equation for p in terms of x: Applied Example 6, page 44

Applied Example: Market Equilibrium Solution  We need to solve the system of equations for x and p.  Now we substitute the value of p into the second equation: Applied Example 6, page 44

Applied Example: Market Equilibrium Solution  We need to solve the system of equations for x and p.  Finally, we substitute the value x = 5/2 into the first equation that we already solved: Applied Example 6, page 44

Applied Example: Market Equilibrium Solution  We conclude that the equilibrium quantity is 2500 units and the equilibrium price is $5.83 per thermometer. Applied Example 6, page 44

1.5 The Method of Least Squares

 In this section, we describe a general method known as the method for least squares for determining a straight line that, in a sense, best fits a set of data points when the points are scattered about a straight line. The Method of Least Squares

510 The Method of Least Squares  Suppose we are given five data points P 1 (x 1, y 1 ), P 2 (x 2, y 2 ), P 3 (x 3, y 3 ), P 4 (x 4, y 4 ), and P 5 (x 5, y 5 ) describing the relationship between two variables x and y.  By plotting these data points, we obtain a scatter diagram: x y P1P1P1P1 P2P2P2P2 P3P3P3P3 P4P4P4P4 P5P5P5P5 105

The Method of Least Squares  Suppose we try to fit a straight line L to the data points P 1, P 2, P 3, P 4, and P 5.  The line will miss these points by the amounts d 1, d 2, d 3, d 4, and d 5 respectively. x y L

510 The Method of Least Squares  The principle of least squares states that the straight line L that fits the data points best is the one chosen by requiring that the sum of the squares of d 1, d 2, d 3, d 4, and d 5, that is be made as small as possible. be made as small as possible. x y L 105

The Method of Least Squares  Suppose we are given n data points: P 1 (x 1, y 1 ), P 2 (x 2, y 2 ), P 3 (x 3, y 3 ),..., P n (x n, y n )  Then, the least-squares (regression) line for the data is given by the linear equation y = f(x) = mx + b where the constants m and b satisfy the equations andsimultaneously.  These last two equations are called normal equations.

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Here, we have n = 5 and x 1 = 1x 2 = 2x 3 = 3x 4 = 4x 5 = 5 y 1 = 1y 2 = 3y 3 = 4y 4 = 3y 5 = 6 xy x2x2x2x2xy  Before using the equations it is convenient to summarize these data in the form of a table: Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Here, we have n = 5 and x 1 = 1x 2 = 2x 3 = 3x 4 = 4x 5 = 5 y 1 = 1y 2 = 3y 3 = 4y 4 = 3y 5 = 6  Using the table to substitute in the second equation we get Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Here, we have n = 5 and x 1 = 1x 2 = 2x 3 = 3x 4 = 4x 5 = 5 y 1 = 1y 2 = 3y 3 = 4y 4 = 3y 5 = 6  Using the table to substitute in the first equation we get Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Now we need to solve the simultaneous equations  Solving the first equation for b gives Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Now we need to solve the simultaneous equations  Substituting b into the second equation gives Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Now we need to solve the simultaneous equations  Finally, substituting the value m = 1 into the first equation that we already solved gives Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Now we need to solve the simultaneous equations  Thus, we find that m = 1 and b = 0.4.  Therefore, the required least-squares line is Example 1, page 53

Example  Find the equation of the least-squares line for the data P 1 (1, 1), P 2 (2, 3), P 3 (3, 4), P 4 (4, 3), and P 5 (5, 6) Solution  Below is the graph of the required least-squares line y = x x y L Example 1, page 53

Applied Example: U.S. Health-Care Expenditures  Because the over-65 population will be growing more rapidly in the next few decades, health-care spending is expected to increase significantly in the coming decades.  The following table gives the U.S. health expenditures (in trillions of dollars) from 2005 through 2010:  Find a function giving the U.S. health-care spending between 2005 and 2010, using the least-squares technique. Year, t Year, t Expenditure, y Expenditure, y Applied Example 3, page 55

Applied Example: U.S. Health-Care Expenditures Solution  The calculations required for obtaining the normal equations are summarized in the following table:  Use the table to obtain the second normal equation: ty t2t2t2t2ty Applied Example 3, page 55

Applied Example: U.S. Health-Care Expenditures Solution  The calculations required for obtaining the normal equations are summarized in the following table:  Use the table to obtain the first normal equation: ty t2t2t2t2ty Applied Example 3, page 55

Applied Example: U.S. Health-Care Expenditures Solution  Now we solve the simultaneous equations  Solving the first equation for b gives Applied Example 3, page 55

Applied Example: U.S. Health-Care Expenditures Solution  Now we solve the simultaneous equations  Substituting b into the second equation gives Applied Example 3, page 55

Applied Example: U.S. Health-Care Expenditures Solution  Now we solve the simultaneous equations  Finally, substituting the value m ≈ into the first equation that we already solved gives Applied Example 3, page 55

Applied Example: U.S. Health-Care Expenditures Solution  Now we solve the simultaneous equations  Thus, we find that m ≈ and b ≈  Therefore, the required least-squares function is Applied Example 3, page 55

End of Chapter