It appears that over the past 45 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture...


It appears that over the past 45 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture show five-year interval data for U.S. farms. Use these data to develop the equation of a regression line to predict the average size of a farm by the number of farms. Discuss the slope and
y-intercept of the model.







































































Year



Number of Farms (millions)



Average Size (acres)



1950



5.65



213



1955



4.65



258



1960



3.96



297



1965



3.36



340



1970



2.95



374



1975



2.52



420



1980



2.44



426



1985



2.29



441



1990



2.15



460



1995



2.07



469



2000



2.17



434



2005



2.10



444




May 20, 2022
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