A regression is run to determine if there is a relationship between the age of a company (x) and its profit (y) in thousands of dollars. The result of the regression were: y=ax+b, a=3.5, b=50, r=0.98 Use this to predict the profit of a company whichhas been in business for 20 years.
A regression is run to determine if there is a relationship between the age of a company (x) and its profit (y) in thousands of dollars. The result of the regression were: y=ax+b, a=3.5, b=50, r=0.98 Use this to predict the profit of a company whichhas been in business for 20 years.
Chapter4: Linear Functions
Section: Chapter Questions
Problem 28PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...
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A regression is run to determine if there is a relationship between the age of a company (x) and its profit (y) in thousands of dollars. The result of the regression were: y=ax+b, a=3.5, b=50, r=0.98
Use this to predict the profit of a company whichhas been in business for 20 years.
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