Homework Help is Here – Start Your Trial Now!
Math
Statistics
Let y represent the profit (or loss) for a certain company x years after 1980. Based on the data shown below, a statistician calculates a linear model ŷ = = 1.92x + 53.29. X y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 13 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $

Let y represent the profit (or loss) for a certain company x years after 1980. Based on the data shown below, a statistician calculates a linear model ŷ = = 1.92x + 53.29. X y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 13 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
See similar textbooks
icon
Related questions
Question

I need the right answer to this problem.

Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown below, a statistician calculates a linear model î 1.92x + 53.29. = X Y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 34 13 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $
Transcribed Image Text:Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown below, a statistician calculates a linear model î 1.92x + 53.29. = X Y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 34 13 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $
Expert Solution
steps

Step by step

Solved in 3 steps with 8 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
SEE MORE TEXTBOOKS