In: Statistics and Probability
The following data represent x = boat sales and y = boat trailer sales from 1995 through 2000.
Boats | Trailers |
649 | 207 |
619 | 194 |
596 | 181 |
576 | 174 |
585 | 168 |
574 | 159 |
1. Determine the Y intercept of the least-squares regression line. (Specify your answer to 2nd decimal point)
2.Determine the slope of the least-squares regression line. (Specify your answer to 3rd decimal point)
3. Based on Q1 and Q2, estimate, for a year during which 500,000 boats are sold, the number of boat trailers that would be sold.