The profit of a company increased steadily over a ten-year span. The following ordered pairs show the number of units sol
The profit of a company increased steadily over a ten-year span. The following ordered pairs show the number of units sol
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The profit of a company increased steadily over a ten-year span. The following ordered pairs show the number of units sold in hundreds and the profit in thousands of units over the ten-year span, (number of units sold, profit) for specific recorded years: (46,250), (48,305), (50,350), (52,390), (54,410)
a) Use linear regression to determine a function y, where profit in thousands of dollars depends on the number of units sold in hundreds.
b) Predict when the profit will exceed one million dollars.
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