The number of adults (in millions) using e-book devices is expected to climb in the years ahead. The projected number of e-book readers in the United States from 2011 through 2015 is given in the following table. Year 2011 2012 2013 2014 2015 Number, y 25.3 33.4 39.5 50.0 59.6 (a) Letting x = 0 denote 2011, find an equation of the least-squares line for these data. y = (b) Use the result of part (a) to estimate the projected average rate of growth of the number of e-book readers between 2011 and 2015. million users per year

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 34EQ
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The number of adults (in millions) using e-book devices is expected to climb in the years ahead. The projected number of e-book readers in the United States from 2011 through 2015 is given in the
following table.
Year
2011
2012
2013
2014
2015
Number, y
25.3
33.4
39.5
50.0
59.6
(a) Letting x = 0 denote 2011, find an equation of the least-squares line for these data.
y =
(b) Use the result of part (a) to estimate the projected average rate of growth of the number of e-book readers between 2011 and 2015.
million users per year
Transcribed Image Text:The number of adults (in millions) using e-book devices is expected to climb in the years ahead. The projected number of e-book readers in the United States from 2011 through 2015 is given in the following table. Year 2011 2012 2013 2014 2015 Number, y 25.3 33.4 39.5 50.0 59.6 (a) Letting x = 0 denote 2011, find an equation of the least-squares line for these data. y = (b) Use the result of part (a) to estimate the projected average rate of growth of the number of e-book readers between 2011 and 2015. million users per year
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