Question

Let x represent the number of years since 1990. Let y represent the sport utility vehicle sales in millions. Write the slope-intercept form of the equation for the line of fit using the points representing 1992 and 2000.

Answer 1

278.33X - 553.34222

Explanation:

Given the data:

Year, X :

1992

1993

1994

1995

1996

1997

1998

1999

2000

Sales, Y:

1.2

1.4

1.6

1.8

2.2

2.5

2.8

3.0

3.4

Using a linear regression calculator, the regression fit model for the data is

Y = 278.33X - 553.34222

Where, Y = sales in Millions

x = year