Question

Question 7 < > 50/2 pts 53 399 Details Let Y represent the profit (or loss) for a certain company X years after 1965. Based on the data shown below, a statistician calculates a linear model Ý = 1.09X + 24.64. X у 3 4 5 6 7 8 9 22.7 18.85 20.3 16.75 16.6 15.15 16.2 Use the model to estimate the profit in 1969 Ý - II

Answer 1

1969 means 4 years after 1965 ,so, the value of X is 4.

Now , as Y = -1.09x + 24.64

So, Y= -1.09*4 + 24.64 = 20.28

HENCE, the estimate profit in 1969 is 20.28