Earnings per Share The table on the next page gives the earnings ($ thousands) per share (EPS) for ACS stock for the years 2005–2010. Let x equal the number of years after 2000 and y equal the EPS, in thousands of dollars.
a. Graph the data points to determine if a linear equation is a reasonable model for the data.
b. If it is reasonable, find the linear model that is the best fit for the data.
c. Graph the data points and the function on the same axes and discuss the goodness of fit.
Year | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
EPS ($ thousands) | 0.85 | 1.05 | 1.29 | 1.46 | 1.68 | 1.90 |
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