Question

In: Statistics and Probability

The annual profits for a company are given in the following table. Write the linear regression...

The annual profits for a company are given in the following table. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest ten-thousandth. Using this equation, estimate the year in which the profits would reach 413 thousand dollars.

Year (x) Profits (y)

(in thousands of dollars)

1999 112

2000 160

2001 160

2002 173

2003 226

Can you please show step by step solution thanks.

Expert Solution

Solution :

X	Y	*XY**	*XX**
1999	112	223888	3996001
2000	160	320000	4000000
2001	160	320160	4004001
2002	173	346346	4008004
2003	226	452678	4012009

orchestra answered 1 year ago

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