The annual sales (in billions of dollars) of global positioning systems (GPS) equipment from 2000 through 2006 follow (sales in 2004 through 2006 are projections). Here, corresponds to 2000. Find an equation of the least-squares line for these data. Please round coefficients to the nearest hundredth if necessary. Use the equation found to estimate the annual sales of GPS equipment for 2005.
A) $17.91 billion
B) $22.66 billion
C) $24.23 billion
D) $21.52 billion
E) $20.93 billion

Question

The annual sales (in billions of dollars) of global positioning systems (GPS) equipment from 2000 through 2006 follow (sales in 2004 through 2006 are projections). Here,  corresponds to 2000.  Find an equation of the least-squares line for these data. Please round coefficients to the nearest hundredth if necessary. Use the equation found to estimate the annual sales of GPS equipment for 2005.
A) $17.91 billion 
B) $22.66 billion 
C) $24.23 billion 
D) $21.52 billion 
E) $20.93 billion

Quizplus · Accepted Answer

The Answer of The annual sales (in billions of dollars) of global positioning systems (GPS) equipment from 2000 through 2006 follow (sales in 2004 through 2006 are projections). Here,  corresponds to 2000.  Find an equation of the least-squares line for these data. Please round coefficients to the nearest hundredth if necessary. Use the equation found to estimate the annual sales of GPS equipment for 2005.
A) $17.91 billion 
B) $22.66 billion 
C) $24.23 billion 
D) $21.52 billion 
E) $20.93 billion

The Annual Sales (In Billions of Dollars) of Global Positioning