A companys annual profits (in millions of dollars) over a 5-year period are given in the following

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A company’s annual profits (in millions of dollars) over a 5-year period are given in the following table. Use the least squares line to estimate the profit for the sixth year.

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

ISBN: 978-0134674148

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

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Question Posted: Apr 28, 2022 11:31 PM

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A companys annual profits (in millions of dollars) over a 5-year period are given in the following

Question:

Year 1 2 23 4 45 Profit 2 2.5 3.1 4.2 4.3

Step by Step Answer:

Answers 1 The year 6 profit is 14750000 2 The least squares line is 3634 0023 This yiel...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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