The annual profits for a company are given in the following table, where x
represents the number of years since 2011, and y represents the profit in
thousands of dollars. Write the linear regression equation that represents this
set of data, rounding all coefficients to the nearest tenth. Using this equation,
find the projected profit (in thousands of dollars) for 2019, rounded to the
nearest thousand dollars.
Years since 2011 (x)
0
1
2
3
Final Answer:
Answer Attempt 1 out of 2
Profits (y)
(in thousands of dollars)
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Regression Equation:
114
129
148
214
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thousand dollars
