Let Y represent the profit (or loss) for a certain company X years after 1970. Based on the data shown below, a statistician calculates a linear model Y = 2.01X + 8.97. X 4 y 18.06

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 23SE: The US. import of wine (in hectoliters) for several years is given in Table 5. Determine whether the...
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Let Y
represent the profit (or loss) for a certain company X years after 1970. Based on the data shown
below, a statistician calculates a linear model Y = 2.01X + 8.97.
X
y
18.06
17.2
22.44
23.38
24.32
9
27.36
10
28.4
11 30.04
12 33.28
13 36.22
14
37.76
15
37.7
16
41.34
17 45.28
18
44.72
19 46.46
|
4
5
6
682
7
6080
Use the model to estimate the profit in 1980
y =
Transcribed Image Text:Let Y represent the profit (or loss) for a certain company X years after 1970. Based on the data shown below, a statistician calculates a linear model Y = 2.01X + 8.97. X y 18.06 17.2 22.44 23.38 24.32 9 27.36 10 28.4 11 30.04 12 33.28 13 36.22 14 37.76 15 37.7 16 41.34 17 45.28 18 44.72 19 46.46 | 4 5 6 682 7 6080 Use the model to estimate the profit in 1980 y =
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