The annual profits for a company are given in the following table, where x represents the number of years since 2009, and y represents the profit in thousands of dollars. Write 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 2021, rounded to the nearest thousand dollars.

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06-06-2024
Mathematics

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The annual profits for a company are given in the following table, where x represents the number of years since 2009, and y represents the profit in thousands of dollars. Write 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 2021, rounded to the nearest thousand dollars.

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