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Mary Palmquist, a Wall Street securities analyst, wants to determine the relationship between Chiles gross domestic product (GDP) and the profits (after taxes) of the

Mary Palmquist, a Wall Street securities analyst, wants to determine the relationship between Chiles gross domestic product (GDP) and the profits (after taxes) of the Carlton Company. She obtains the following data concerning each variable: Year Gross domestic product Carltons profits (Billions of dollars) (Millions of dollars) 2001 688 355 2002 753 339 2003 796 361 2004 868 357 2005 936 278 2006 982 363 2007 1,063 510 2008 1,171 573 2009 1,306 661 2010 1,407 705 2011 1,529 688 2012 1,706 931 a. What are the least-squares estimates of the intercept and slope of the true regression line, where Carltons profits are the dependent variable and GDP is the independent variable? b. On the average, what effect does a $1 increase in gross domestic product seem to have on the profits of Carlton? c. If Ms. Palmquist feels that next years GDP will be $2 trillion, what forecast of Carltons profits will she make on the basis of the regression? d. What is the coefficient of determination between the nations gross domestic product and GEs profits? I need part D for this question.

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