Question: The following data represent x = boat sales and y = boat trailer sales from 1995 through 2000. a. Determine the least-squares regression line and

The following data represent x = boat sales and y = boat trailer sales from 1995 through 2000.

a. Determine the least-squares regression line and interpret its slope.
b. Estimate, for a year during which 500,000 boats are sold, the number of boat trailers that would be sold.
c. What reasons might explain why the number of boat trailers sold per year is less than the number of boats sold per year?

Boat Sales (Thousands) Year 1995 1996 1997 1998 1999 2000 649 619 596 576 585 574 Boat Trailer Sales (Thousands) 207 194 181 174 168 159

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