Concept explainers
Consider the data in the following table.
Age of Business (in years) | 1 | 3 | 5 |
Profit (in tens of thousands of dollars) | 4 | 7 | 12 |
a. Find the regression line,
b. Use the regression line to predict the profit when the business is 10 years old.
c. Find the exponential regression curve,
d. Use the exponential regression curve to predict the profit when the business is 10 years old.
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