The annual profits for a company are given in the following table, where x represents the number of years since 1995, and y represents the profit in thousands of dollars. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest hundredth. Using this equation, estimate the calendar year in which the profits would reach 207 thousand dollars.

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01-12-2022
Mathematics

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The annual profits for a company are given in the following table, where x represents the number of years since 1995, and y represents the profit in thousands of dollars. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest hundredth. Using this equation, estimate the calendar year in which the profits would reach 207 thousand dollars.

Sagot :

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