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The following data represent x = boat sales and y = boat trailer sales from 1995 through 2000.

Boat sales boat trailer sales
year thousands thousands
1995 649 207
1996 619 194
1997 596 181
1998 576 174
1999 585 168
2000 574 159

a. Find out the least-squares regression line and interpret its slope.

b. Estimate, for the year throughout which 500,000 boats are sold, the number of boat trailers which would be sold.

What reasons may describe why the number of boat trailers sold per year is less than number of boats sold per year?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921055

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