The following table shows the estimated sales (in billions of dollars) for a certain company for several years. Let x = 6 correspond to the year 2006. Two equations that model these data are y=0.07x+0.05 and y=0.93x-0.12. Complete parts (a) through (c) below. Year Sales 2006 3.0 2008 4.5 Year Residual (Type integers or decimals.) 2010 5.0 (a) Find the residuals and their sum for each model. Find the residuals for the first model, y = 0.07x+0.05. 2006 2008 2010 2012 5.5 2012 2014 7.0 2014 KILD
The following table shows the estimated sales (in billions of dollars) for a certain company for several years. Let x = 6 correspond to the year 2006. Two equations that model these data are y=0.07x+0.05 and y=0.93x-0.12. Complete parts (a) through (c) below. Year Sales 2006 3.0 2008 4.5 Year Residual (Type integers or decimals.) 2010 5.0 (a) Find the residuals and their sum for each model. Find the residuals for the first model, y = 0.07x+0.05. 2006 2008 2010 2012 5.5 2012 2014 7.0 2014 KILD
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....
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![The following table shows the estimated sales (in billions of dollars) for a certain company for several years. Let x = 6 correspond to the year 2006. Two equations that
model these data are y=0.07x+0.05 and y=0.93x-0.12. Complete parts (a) through (c) below.
Year
Sales
2006
3.0
2008
4.5
2010
5.0
(a) Find the residuals and their sum for each model.
Find the residuals for the first model, y = 0.07x+0.05.
Year
2006
2008
Residual
(Type integers or decimals.)
2010
2012
5.5
2012
2014
7.0
2014
KILDE](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1044e98d-537a-4852-ad22-4b965efcb5dc%2F14826f05-940d-4f9f-97cc-cbd1dddc17a1%2F8233eom_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following table shows the estimated sales (in billions of dollars) for a certain company for several years. Let x = 6 correspond to the year 2006. Two equations that
model these data are y=0.07x+0.05 and y=0.93x-0.12. Complete parts (a) through (c) below.
Year
Sales
2006
3.0
2008
4.5
2010
5.0
(a) Find the residuals and their sum for each model.
Find the residuals for the first model, y = 0.07x+0.05.
Year
2006
2008
Residual
(Type integers or decimals.)
2010
2012
5.5
2012
2014
7.0
2014
KILDE
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