Fitting Linear Models to Data · Exercise 36

Consider this scenario: The profit of a company decreased steadily over a ten-year span. The following ordered pairs shows dollars and the number of units sold in hundreds and the profit in thousands of dollars over the ten-year span, (number of units sold, profit) for specific recorded years:

$$\left(46,1,600\right),\left(48,1,550\right),\left(50,1,505\right),\left(52,1,540\right),\left(54,1,495\right).$$

Use linear regression to determine a function $P$ where the profit in thousands of dollars depends on the number of units sold in hundreds.

Its source prints no answer for this problem, so there's nothing to check against.

OpenStax, Algebra and Trigonometry 2e · §4.3 Fitting Linear Models to Data · Exercise 36