The total amount of construction spending on highways and streets (in billions of dollars) is given in the accompanying table for the first six months of 2016. Month May June January 96 February 95 March 94 April 92 87 86 Spending (a) Find the least-squares regression line that models these data, with x = 1 corresponding to January 2016. (b) Assuming the trend continues, estimate the amount of spending in November 2016. (a) The linear model for the data is y=(x + (. (Round to the nearest thousandth as needed.)

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The total amount of construction spending on highways and streets (in billions of dollars) is given in the accompanying table for the first six months of 2016.
January
96
February
95
March
94
April
92
June
86
Month
Spending
May
87
(a) Find the least-squares regression line that models these data, with x = 1 corresponding to January 2016.
(b) Assuming the trend continues, estimate the amount of spending in November 2016.
(a) The linear model for the data is y = (x+ .
(Round to the nearest thousandth as needed.)
Transcribed Image Text:The total amount of construction spending on highways and streets (in billions of dollars) is given in the accompanying table for the first six months of 2016. January 96 February 95 March 94 April 92 June 86 Month Spending May 87 (a) Find the least-squares regression line that models these data, with x = 1 corresponding to January 2016. (b) Assuming the trend continues, estimate the amount of spending in November 2016. (a) The linear model for the data is y = (x+ . (Round to the nearest thousandth as needed.)
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