The annual profits for a company are given in the following table, where x represents the number of years since 1996, 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 364 thousand dollars.
Years since 1996 (x)
Profits (y)
(in thousands of dollars)
0
91
1
134
2
125
3
201
4
187
5
230