Fitting Linear Models to Data · Exercise 37

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:

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

Find to the nearest tenth and interpret the x-intercept.

OpenStax, Algebra and Trigonometry 2e · §4.3 Fitting Linear Models to Data · Exercise 37