Question
A company wants to study the relationship between the money spent on research and its annual profits. Make an estimate for 2014 earnings if 8
A company wants to study the relationship between the money spent on research and its annual profits. Make an estimate for 2014 earnings if 8 million are invested and Calculate and explain the coefficient of determination.
| Years | Invested (X) | Profits (Y) ( in millions) |
| 2008 | 2 | 20 |
| 2009 | 3 | 25 |
| 2010 | 5 | 34 |
| 2011 | 4 | 30 |
| 2012 | 11 | 40 |
| 2013 | 5 | 31 |
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Statistical Techniques In Business And Economics
Authors: Douglas Lind, William Marchal
16th Edition
78020522, 978-0078020520
