Let P represent the profit (or loss) in thousands of dollars for a certain company t years after 1965. t P 1 16.25 2 17.8 3 18.85 4 17.6 5 16.65 6 17.5 7 17.55 8 18.8 9 17.65 10 19.1 11 19.05 12 20.5 13 18.35 14 18.3 15 16.85 16 18.8 Based on the data shown above, a statistician calculates a linear model ˆP = 17.29+0.10t . Use the model to estimate the profit in 1969 . ˆP = thousand dollars Round your answer to two decimal places.
Let P represent the profit (or loss) in thousands of dollars for a certain company t years after 1965. t P 1 16.25 2 17.8 3 18.85 4 17.6 5 16.65 6 17.5 7 17.55 8 18.8 9 17.65 10 19.1 11 19.05 12 20.5 13 18.35 14 18.3 15 16.85 16 18.8 Based on the data shown above, a statistician calculates a linear model ˆP = 17.29+0.10t . Use the model to estimate the profit in 1969 . ˆP = thousand dollars Round your answer to two decimal places.
ChapterP: Prerequisites
SectionP.6: The Rectangular Coordinate System And Graphs
Problem 2ECP
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Question
Let P represent the profit (or loss) in thousands of dollars for a certain company t
years after 1965.
| t | P |
|---|---|
| 1 | 16.25 |
| 2 | 17.8 |
| 3 | 18.85 |
| 4 | 17.6 |
| 5 | 16.65 |
| 6 | 17.5 |
| 7 | 17.55 |
| 8 | 18.8 |
| 9 | 17.65 |
| 10 | 19.1 |
| 11 | 19.05 |
| 12 | 20.5 |
| 13 | 18.35 |
| 14 | 18.3 |
| 15 | 16.85 |
| 16 | 18.8 |
Based on the data shown above, a statistician calculates a linear model
ˆP
= 17.29+0.10t
.
Use the model to estimate the profit in 1969 .
ˆP
= thousand dollars Round your answer to two decimal places.
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