Finding least-squares regression line and its slope

Assignment Help Basic Statistics

Reference no: EM1318282

Q1) Following data represent x = boat sales and y = boat trailer sales from 1995 through 2000.

Boat sales	boat trailer sales
year	thousands	thousands
1995	649	207
1996	619	194
1997	596	181
1998	576	174
1999	585	168
2000	574	159

a) Find out the least-squares regression line and interpret its slope.

b) Estimate, for year during which 500,000 boats are sold, number of boat trailers that would be sold.

What reasons might describe why number of boat trailers sold per year is less than te number of boats sold per year?

Reference no: EM1318282

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