A regression is run to determine if there is a relationship between the age of a company (x) and its profit (y) in thousands of dollars. The result of the regression were: y=ax+b, a=3.5, b=50, r=0.98 Use this to predict the profit of a company whichhas been in business for 20 years.

A regression is run to determine if there is a relationship between the age of a company (x) and its profit (y) in thousands of dollars. The result of the regression were: y=ax+b, a=3.5, b=50, r=0.98 Use this to predict the profit of a company whichhas been in business for 20 years.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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A regression is run to determine if there is a relationship between the age of a company (x) and its profit (y) in thousands of dollars. The result of the regression were: y=ax+b, a=3.5, b=50, r=0.98

Use this to predict the profit of a company whichhas been in business for 20 years.

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