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The annual profits for a company are given in the following table, where x represents
the number of years since 2014, and y represents the profit in thousands of dollars.
Write the linear regression equation that represents this set of data, rounding all
coefficients to the nearest hundredth. Using this equation, estimate the calendar year
in which the profits would reach 404 thousand dollars.
Years since 2014 (x)
Profits y
(in thousands of dollars)
0
113
1
165
2
175
3
217
4
241
5
280