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The dean of a school of business is forecasting total student enrolment for this year's summer session classes based on the following historical data: YEAR
The dean of a school of business is forecasting total student enrolment for this year's summer session classes based on the following historical data:
YEAR | TOTAL ENROLMENT |
Four years ago | 2,000 |
Three years ago | 2,200 |
Two years ago | 2,800 |
Last year | 3,000 |
What is the annual rate of change (slope) of the least squares trend line for these data?
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