Let Y represent the profit (or loss) for a certain company X years after 1970. Based...

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Answer 1

Answer #1

Now, 1978 would mean 8 years after 1970. So, here X=8.

The linear model is Y = 1.15X + 17.66

When X=8,

Y = 1.15(8) + 17.66 = 26.86 which is the estimated amount of profit in 1978.

Answer 2

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