Linear Regression

Linear Regression

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Using the linear regression equation y = 19.7x +57.2 find the projected profit (in thousand dollars) for 2010. Round to the nearest thousand dollars

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Using the linear regression equation y = 19.7x +57.2 find the projected profit (in thousand dollars) for 2021. Round to the nearest thousand dollars

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Using the linear regression equation y = 19.7x +57.2 to estimate the projected year that profits would reach 254 thousand dollars.

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Using the linear regression equation y = 19.7x +57.2 to estimate the projected year that profits would reach 530 thousand dollars.