The management of a manufacturing company submitted the accompanying data in its annual stockholders report. The table shows the net sales (in millions of dollars) during the 5 years that have elapsed since the new management team took over: (The first year the firm operated under the new management corresponds to the time period x = 1, and the four subsequent years correspond to x = 2, 3, 4, and 5.) Use the least-squares line to predict the net sales for the upcoming year.
A) $479.6 million
B) $483.0 million
C) $477.9 million
D) $484.7 million
E) $481.3 million

Question

The management of a manufacturing company submitted the accompanying data in its annual stockholders report. The table shows the net sales (in millions of dollars) during the 5 years that have elapsed since the new management team took over:  (The first year the firm operated under the new management corresponds to the time period x = 1, and the four subsequent years correspond to x = 2, 3, 4, and 5.) Use the least-squares line to predict the net sales for the upcoming year.
A) $479.6 million 
B) $483.0 million 
C) $477.9 million 
D) $484.7 million 
E) $481.3 million

Quizplus · Accepted Answer

The Answer of The management of a manufacturing company submitted the accompanying data in its annual stockholders report. The table shows the net sales (in millions of dollars) during the 5 years that have elapsed since the new management team took over:  (The first year the firm operated under the new management corresponds to the time period x = 1, and the four subsequent years correspond to x = 2, 3, 4, and 5.) Use the least-squares line to predict the net sales for the upcoming year.
A) $479.6 million 
B) $483.0 million 
C) $477.9 million 
D) $484.7 million 
E) $481.3 million

The Management of a Manufacturing Company Submitted the Accompanying Data