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The annual profits for a company are given in the following table. Write the linear regression...

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Statistics

The annual profits for a company are given in the followingtable. Write the linear regression equation that represents thisset of data, rounding all coefficients to the nearestten-thousandth. Using this equation, estimate the year in which theprofits would reach 413 thousand dollars.

Year(x)               Profits (y)

(in thousands of dollars)

1999 112

2000 160

2001 160

2002 173

2003 226

Can you please show step by step solution thanks.

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