This table lists the gross domestic product (GDP) figures for China (billions of yuan) for the period
Question:
This table lists the gross domestic product (GDP) figures for China (billions of yuan) for the period 2004–2009:
a. Find the least-squares line y = mt + b for these data, where y is the GDP of China t years after 2004.
b. Use the least-squares line found in part (a) to predict the GDP of China for the year 2020.
Transcribed Image Text:
Year GDP 2004 15,988 2005 18,494 2006 21,631 2007 26,581 2008 31,405 2009 34,051
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a Let t denote the number of years after 2004 and y the corresponding GDP Then ...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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