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 2p15, rounded to the nearest thousand dollars. Years since 2006 (X) (in thousands of dollars) Profits (y) 117 1 122 2 136 3 170 4 166 5 198
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 2p15, rounded to the nearest thousand dollars. Years since 2006 (X) (in thousands of dollars) Profits (y) 117 1 122 2 136 3 170 4 166 5 198
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
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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.
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