The annual profits for a company are given in the following table, where x
represents the number of years since 2009, 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 hundredth. Using
this equation, find the projected profit (in thousands of dollars) for 2021,
rounded to the nearest thousand dollars.
Profits (y)
(in thousands of dollars)
Years since 2009 (x)
0
47
1
64
2
66
3
89
4
98
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Answer Attempt 1 out of 2
Regression Equation:
Final Answer:
thousand dollars