Worldwide Cell Phone Sales Following are forecasts of worldwide annual cell phone handset sales:
(x = 3 represents 2003). Complete the following table and obtain the associated regression line. (Round coefficients to 2 decimal places.) HINT [See Example 3.]
Use your regression equation to project the 2008 sales.
Example 3:
Find the correlation coefficient for the data in Example 2. Is the regression line a good fit?
Thus, the fit is a fairly good one, that is, the original points lie nearly along a straight line, as can be confirmed from the graph in Example 2.
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