The sales of a company (in million dollars) for each year shown in the table below (25) X(year) 2005 2006 2007 2008 2009 Y (sales) 12 19 39 37 45 a. Find the regression line of the data. Draw the inference about the dataset. b. Use the regression line as a model to estimate the sales of the company in 2012.
The sales of a company (in million dollars) for each year shown in the table below (25) X(year) 2005 2006 2007 2008 2009 Y (sales) 12 19 39 37 45 a. Find the regression line of the data. Draw the inference about the dataset. b. Use the regression line as a model to estimate the sales of the company in 2012.
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
Related questions
Question
Practice Pack
The sales of a company (in million dollars) for each year shown in the table below (25)
X(year) 2005 2006 2007 2008 2009
Y (sales) 12 19 39 37 45
a. Find the regression line of the data. Draw the inference about the dataset.
b. Use the regression line as a model to estimate the sales of the company in 2012.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Includes step-by-step video
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 2 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning