Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown below, a statistician calculates a linear model y = 1.92x + 53.29. X Y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 13 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $
Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown below, a statistician calculates a linear model y = 1.92x + 53.29. X Y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 13 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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![Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown
below, a statistician calculates a linear model î 1.92x + 53.29.
=
X
Y
5 42.62
6
40.78
7
38.74
8
37.2
9
36.76
10
36.32
11
33.88
12 31.54
29.4
14 27.86
15
22.92
16
21.38
17
20.04
18
18
34
13
Use the model to estimate the profit in 1995. Round to the nearest cent.
The estimated profit in 1995 is $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42acbbb8-f9ff-4f73-be44-beee92aed566%2Fcdf52a32-2b16-4311-95b7-6e4a40d94c6d%2Fvw5klgn_processed.png&w=3840&q=75)
Transcribed Image Text:Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown
below, a statistician calculates a linear model î 1.92x + 53.29.
=
X
Y
5 42.62
6
40.78
7
38.74
8
37.2
9
36.76
10
36.32
11
33.88
12 31.54
29.4
14 27.86
15
22.92
16
21.38
17
20.04
18
18
34
13
Use the model to estimate the profit in 1995. Round to the nearest cent.
The estimated profit in 1995 is $
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