For the following exercises, consider this scenario: The profit of a company decreased steadily over a ten-year
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For the following exercises, consider this scenario: The profit of a company decreased steadily over a ten-year span. The following ordered pairs show dollars and the number of units sold in hundreds and the profit in thousands of over the ten-year span (number of units sold, profit) for specific recorded years:
(46, 250), (48, 225), (50, 205), (52, 180), (54, 165).
Use linear regression to determine a function y, where the profit in thousands of dollars depends on the number of units sold in hundreds.
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