A company produces the financial results shown in the table below. The executives at the firm have
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A company produces the financial results shown in the table below. The executives at the firm have good reason to believe that $10 million in sales will be generated in 2010. Using simple linear regression, you advise them that this will equate to…
Year | Sales Totals (in millions) | Profit Totals (in millions) |
1998 | $7.0 | $0.15 |
1999 | $2.0 | $0.10 |
2000 | $6.0 | $0.13 |
2001 | $4.0 | $0.15 |
2002 | $14.0 | $0.25 |
2003 | $15.0 | $0.27 |
2004 | $16.0 | $0.24 |
2005 | $12.0 | $0.20 |
2006 | $14.0 | $0.27 |
2007 | $20.0 | $0.44 |
2008 | $15.0 | $0.34 |
2009 | $7.0 | $0.17 |
a. | $209,600 in profits. |
b. | $2,096,000 in profits. |
c. | $186,900 in profits. |
d. | $1,869,000 in profits. |
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