Let ŷ represent the profit (or loss) for a certain company I years after 1965. Based on the data shown below, a statistician calculates a linear model ŷ = 1.93z + 9.40. H y 4 17.34 5 20 6 20.36 7 22.12 8 24.48 9 26.84 10 28.2 11 31.36 12 32.62 Use the model to estimate the profit in 1971. Round to the nearest cent. The estimated profit in 1971 is $

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Let ŷ represent the profit (or loss) for a certain company I years after 1965. Based on the data shown
below, a statistician calculates a linear model ŷ = 1.93z + 9.40.
H
ม
4
17.34
5
20
6
20.36
7
22.12
8
24.48
9
26.84
10
28.2
11
31.36
12
32.62
Use the model to estimate the profit in 1971. Round to the nearest cent.
The estimated profit in 1971 is $
Transcribed Image Text:Let ŷ represent the profit (or loss) for a certain company I years after 1965. Based on the data shown below, a statistician calculates a linear model ŷ = 1.93z + 9.40. H ม 4 17.34 5 20 6 20.36 7 22.12 8 24.48 9 26.84 10 28.2 11 31.36 12 32.62 Use the model to estimate the profit in 1971. Round to the nearest cent. The estimated profit in 1971 is $
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman