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Algebra
Question

The annual profits for a company are given in the ...

The annual profits for a company are given in the following table, where x represents he number of years since \( 2014 \) , and y represents the profit in thousands of dollars. Nrite the linear regression equation that represents this set of data, rounding all coefficients to the nearest hundredth. Using this equation, find the projected profit (in thousands of dollars) for \( 2025 \) , rounded to the nearest thousand dollars. 

Answer

\(y= 24x+ 70.200\)

\(y= 24\times (2025- 2014)+ 70.200= 334.200\)

Solution
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