The annual profits for a company are given in the following table, where x represents the...

 

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The annual profits for a company are given in the following table, where x represents the number of years since 2011, and y represents the profit in thousands of dollars. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the projected profit (in thousands of dollars) for 2019, rounded to the nearest thousand dollars. Years since 2011 (x) 0 1 2 3 4 10 5 Profits (y) (in thousands of dollars) 51 75 91 101 92 121 The annual profits for a company are given in the following table, where x represents the number of years since 2011, and y represents the profit in thousands of dollars. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the projected profit (in thousands of dollars) for 2019, rounded to the nearest thousand dollars. Years since 2011 (x) 0 1 2 3 4 10 5 Profits (y) (in thousands of dollars) 51 75 91 101 92 121

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To find the linear regression equation that represents the given set of data we can use the least sq... View the full answer