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Question
Following are forecasts of worldwide annual cell phone handset sales:
(x=3 represents 2003). Complete the following table and obtain the associated regression line. (Round coefficients to 2 decimal places.)
Use your regression equation to project the 2008 sales.
Solution
VerifiedAnswered 2 years ago
Answered 2 years ago
Step 1
1 of 4Given the set of points
The regression line (least squares line, best-fit line):
where and are computed as follows.
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