The management of a manufacturer of electric motors, submitted the accompanying data in its annual stockholders report. The following table shows the net sales (in millions of dollars) during the 5 years that have elapsed since the new management team took over. Year, x 1 2 3 4 5 Net Sales, y 428 442 455 463 474 (The first year the firm operated under the new management corresponds to the time period x = 1, and the four subsequent years correspond to x = 2, 3, 4, and 5.) (a) Determine the equation of the least-squares line for these data. y = 11.3x + 418.5 V (b) Draw a scatter diagram and the least-squares line for these data. y y 500 500h 480 480 460 460 440 440 420 420 1. 3 4 6 1 2 5 y y 500- 500- 480 480 460 460 440 440 420 420 1 3 4 6. 1. 3 4 5 6 (c) Use the result obtained in part (a) to predict the net sales for the upcoming year.

The management of a manufacturer of electric motors, submitted the accompanying data in its annual stockholders report. The following table shows the net sales (in millions of dollars) during the 5 years that have elapsed since the new management team took over. Year, x 1 2 3 4 5 Net Sales, y 428 442 455 463 474 (The first year the firm operated under the new management corresponds to the time period x = 1, and the four subsequent years correspond to x = 2, 3, 4, and 5.) (a) Determine the equation of the least-squares line for these data. y = 11.3x + 418.5 V (b) Draw a scatter diagram and the least-squares line for these data. y y 500 500h 480 480 460 460 440 440 420 420 1. 3 4 6 1 2 5 y y 500- 500- 480 480 460 460 440 440 420 420 1 3 4 6. 1. 3 4 5 6 (c) Use the result obtained in part (a) to predict the net sales for the upcoming year.

Name: Hi there,I just need help with part C of this question. The management
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Description: Hi there,I just need help with part C of this question. The management of a manufacturer of electric motors, submitted the accompanying data in its annual stockholders report. The following table shows the net sales (in millions of dollars) during th

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

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