It has been suggested that sales for the company may be connected to disposable income. Using the information below regarding historical disposable income, predict the sales for 2020 using regression analysis if a reliable prediction for disposable income for 2020 is $21,200. Year Disposable Income  2013  $18,000  2014  $18,618  2015  $19,099  2016  $24,453 2017  $24,906 2018  $20,388 2019  $21,425     Year Sales 2013  $225,000 2014  $193,000 2015  $248,000 2016  $300,000 2017  $340,000 2018  $295,000 2019  $310,000

1:26 AA www-awn.aleks.com O REGRESSION AND CORRELATION Predictions from the least-squares. Shasia v In ongoing economic analyses, the U.S. federal government compares per capita incomes not only among different states but also for the same state at different times. Typically, what the federal government finds is that "poor" states tend to stay poor and "wealthy" states tend to stay wealthy. Would we have been able to predict the 1999 per capita income for a state (denoted by y) from its 1980 per capita income (denoted by x)? The following bivariate data give the per capita income (in thousands of dollars) for a sample of fourteen states in the years 1980 and 1999 (source U.S. Bureau of Economic Analysis, Survey of Current Business, May 2000). The data are plotted in the scatter plot in Figure 1, and the least- squares regression line is drawn. The equation for this line is î=3.09 + 2.47x. 1980 per capita 1999 per capita income, x income, y (in $1000s) (in $1000s) Vermont 8.7 25.9 Hawai…

Management at Jagoda Wholesalers, in Calgary, Canada, has used time-series regression based on point-of-sale data to forecast sales for the next 4 quarters. Sales estimates are $100,000, $120,000, $140,000, and $160,000 for the respective quarters. Seasonal indices for the four quarters have been found to be1.30, .90, .70, and 1.10, respectively.

Suppose your firm generated $50.0million$⁢50.0⁢million in sales. What would be the 95%95% prediction interval for your firm's net income? Write your answer using interval notation. Round your answer to 1 decimal place.