McDonald€™s Corporation has reported the following values for total revenues and net income during the 1998 to 2005 period. All data are in billions of dollars:

Determine the least-squares regression equation line for estimating net income and interpret its slope. For a year in which total revenues are $18.0 billion, estimate the net income for that year.

Transcribed Image Text:

1998 1999 2000 2001 Net Income Total Revenues 12.42 13.26 14.24 14.87 1.55 1.95 1.98 1.64 2002 2003 2004 2005 Net Income Total Revenues 15.41 0.89 2.28 2.60 17.14 9.07 20.46