# Question: During its first five years of operation a company s gross

During its first five years of operation, a company’s gross income from sales was 1.4, 2.1, 2.6, 3.5, and 3.7 million dollars. Use the coding of Exercise 14.15 to fit a least squares line and, assuming that the same linear trend continues, predict the company’s gross income from sales during its sixth year of operation.

## Answer to relevant Questions

If a set of paired data gives the indication that the regression equation is of the form µY|x = α ∙ βx, it is customary to estimate a and β by fitting the line to the points {(xi, logyi); i = 1, 2, . . . , n} by the ...The following table shows the assessed values and the selling prices of eight houses, constituting a random sample of all the houses sold recently in a metropolitan area: (a) Fit a least squares line that will enable us to ...With reference to Exercise 3.71 on page 100, find an expression for µY|x. The following data pertain to x, the amount of fertilizer (in pounds) that a farmer applies to his soil, and y, his yield of wheat (in bushels per acre): Assuming that the data can be looked upon as a random sample from a ...(a) Use an appropriate computer program to obtain the sample correlation coefficient for the data of Exercise 14.63. (b) Test whether r is significantly different from 0 using the 0.05 level.Post your question