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Let Y represent the profit (or loss) for a certain company X years after 1960. Based on the data shown below, a statistician calculates a
LetYrepresent the profit (or loss) for a certain companyXyears after 1960. Based on the data shown below, a statistician calculates a linear model
Y= 2.74X + 47.85.
X y
2 43.3
3 41.8
4 35.2
5 32.6
6 31.9
7 29.2
8 24.7
9 23.1
10 19.7
11 19.5
12 15.3
13 11.1
14 8.8
15 6.2
16 4.9
17 2.4
Use the model to estimate the profit in `1971
y =___________________________
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