Let y represent the profit (or loss) for a certain company x years after 1980. Based on the data shown below, a statistician calculates a linear model ŷ = = 1.92x + 53.29. X y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 13 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 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

I need the right answer to this problem.

Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown
below, a statistician calculates a linear model î 1.92x + 53.29.
=
X
Y
5 42.62
6
40.78
7
38.74
8
37.2
9
36.76
10
36.32
11
33.88
12 31.54
29.4
14 27.86
15
22.92
16
21.38
17
20.04
18
18
34
13
Use the model to estimate the profit in 1995. Round to the nearest cent.
The estimated profit in 1995 is $
Transcribed Image Text:Let y represent the profit (or loss) for a certain company years after 1980. Based on the data shown below, a statistician calculates a linear model î 1.92x + 53.29. = X Y 5 42.62 6 40.78 7 38.74 8 37.2 9 36.76 10 36.32 11 33.88 12 31.54 29.4 14 27.86 15 22.92 16 21.38 17 20.04 18 18 34 13 Use the model to estimate the profit in 1995. Round to the nearest cent. The estimated profit in 1995 is $
Expert Solution
steps

Step by step

Solved in 3 steps with 8 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