Let Y represent the profit (or loss) for a certain company X years after 1960. Based on the data shown below, a statistician calculates a linear model Y = 0.81X + 19.44.

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
100%
Let Y represent the profit (or loss) for a certain company X years after 1960. Based on the data
shown below, a statistician calculates a linear model Y = 0.81X19.44.
X
y =
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
y
19.85
17.52
16.19
16.76
14.43
14.9
12.67
13.44
12.81
11.98
10.75
9.02
7.79
7.86
8.23
6.8
Use the model to estimate the profit in 1975
Transcribed Image Text:Let Y represent the profit (or loss) for a certain company X years after 1960. Based on the data shown below, a statistician calculates a linear model Y = 0.81X19.44. X y = 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 y 19.85 17.52 16.19 16.76 14.43 14.9 12.67 13.44 12.81 11.98 10.75 9.02 7.79 7.86 8.23 6.8 Use the model to estimate the profit in 1975
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE 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