This table lists the gross domestic product (GDP) figures for China (billions of yuan) for the period

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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.

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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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Question Posted: Jun 24, 2023 08:42 AM

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This table lists the gross domestic product (GDP) figures for China (billions of yuan) for the period

Question:

Year GDP 2004 15,988 2005 18,494 2006 21,631 2007 26,581 2008 31,405 2009 34,051

Step by Step Answer:

a Let t denote the number of years after 2004 and y the corresponding GDP Then ...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

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