Explain the linear regression line

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Ralph, the risk manager for Built-up Construction wants to project the number of employee injuries at construction sites based on annual income, adjust for inflation for the past five years. Ralph has constructed a linear regression line and calculated the values of a (6.2) and b (0.024). The value of b indicates that 0.024 injuries occurred for each $100,000 of income. Assuming Built-up expects $20 million in income next year, calculate the expected number of injuries for the year.

Reference no: EM132970118

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