The graph displays the sales (in thousands) for a local car rental company from 1995 to 2006. The x-axis represents the years, while the y-axis represents sales in thousands. Data points on the graph show a trend of increasing sales over the period. The regression equation provided for these data is:\[ \text{Sales (in 1000's)} = 38.213 \times (\text{year}) - 75818.8. \]To predict the sales for the car rental company in 2009, use the provided regression equation:\[ \text{Sales (in 1000's)} = 38.213 \times 2009 - 75818.8. \]Calculate this value to obtain the predicted sales for 2009.

Answered: Image /qna-images/answer/2bee1b68-9efe-4828-a4b6-df9960f9ad89.jpg

Answered: Sales (in thousands) 1000- 500 1994…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Based on the analyst's data and regression line, complete the following. For these data, values for earnings per share that are greater than the mean of the values for earnings per share tend to be paired with current stock prices that are (greater than, lesser than) the mean of the current stock prices. According to the regression equation, for an increase of one dollar in earnings per share, there is a corresponding increase of how many dollars in current stock price?
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Please provide a detailed explanation for the questions attached.
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If the Pearson correlation between X and Y is negative, then the regression equation will have a negative slope. true or false
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