The following are the annual profits in thousands in a certain business: Year 2001 2002 2003 2004 2005 2006 2007 Profit (thousands) 75 65 80 85 95 60 72 By the method of least squares, fit a straight line using that estimate profit for 2011.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 18T
icon
Related questions
Question
The following are the annual profits in thousands in a certain business :
Year
2001
2002
2003
2004
2005
2006
2007
Profit (thousands)
60
72
75
65
80
85
95
By the method of least squares, fit a straight line using that estimate profit for 2011.
Transcribed Image Text:The following are the annual profits in thousands in a certain business : Year 2001 2002 2003 2004 2005 2006 2007 Profit (thousands) 60 72 75 65 80 85 95 By the method of least squares, fit a straight line using that estimate profit for 2011.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage