The following are the annual profits in thousands in a certain business: Year 2001 2002 2003 2004 2005 2006 2007 Profit (thousands) 75 65 80 85 95 60 72 By the method of least squares, fit a straight line using that estimate profit for 2011.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.5: Graphs Of Functions
Problem 48E
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The following are the annual profits in thousands in a certain business :
Year
2001
2002
2003
2004
2005
2006
2007
Profit (thousands)
60
72
75
65
80
85
95
By the method of least squares, fit a straight line using that estimate profit for 2011.
Transcribed Image Text:The following are the annual profits in thousands in a certain business : Year 2001 2002 2003 2004 2005 2006 2007 Profit (thousands) 60 72 75 65 80 85 95 By the method of least squares, fit a straight line using that estimate profit for 2011.
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