The annual profits for a company are given in the following table, where x represents the number of years since 2006, 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 2015, rounded to the nearest thousand dollars. Profits (y) (in thousands of dollars) Years since 2006 (x) 137 135 171 3. 165 4. 202

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ISBN:9781938168383
Author:Jay Abramson
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Chapter4: Linear Functions
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Problem 28PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...
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The annual profits for a company are given in the following table, where x represents
the number of years since 2006, 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 2015, rounded to the nearest thousand dollars.
Profits (y)
Years since 2006 (x)
(in thousands of dollars)
137
135
171
3
165
4.
202
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Transcribed Image Text:The annual profits for a company are given in the following table, where x represents the number of years since 2006, 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 2015, rounded to the nearest thousand dollars. Profits (y) Years since 2006 (x) (in thousands of dollars) 137 135 171 3 165 4. 202 Copy Values for Calculator Open Statistics Calculator Lenovo
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