Develop a scatter chart for the above data. What does this chart indicate about the relationship between market capitalization and profit? Use the data to develop an estimated regression equation that could be used to estimate a firm’s profit based on its market capitalization. What is the estimated regression model? What is the predicted profit for the market capitalization of 70721.3 (In million Pesos)?

Develop a scatter chart for the above data. What does this chart indicate about the relationship between market capitalization and profit? Use the data to develop an estimated regression equation that could be used to estimate a firm’s profit based on its market capitalization. What is the estimated regression model? What is the predicted profit for the market capitalization of 70721.3 (In million Pesos)?

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.6: Rational Functions

Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

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Profits (In millions Pesos) y	Market ( In millions Pesos) x
296.2	1936.9
-25	1171.8
4085	55135.8
6558	97417.2
12525	95198.9
3394	53579.7
442.8	12466.3
633.1	8894.3
3528	65872.4
2698	25661.3
1200.65	19854.7
11.987	195643.8
641.8	10447.8
5043	66695.5
5206	53558.4