(All Steps) The following data represent x = boat sales and y = boat trailer sales from 1995 through 2000. Year Boat sales (thousands) Boat trailer Sales (thousands)
Question: The following data represent x = boat sales and y = boat trailer sales from 1995 through 2000.
| Year | Boat sales (thousands) | Boat trailer Sales (thousands) | |||||
| 1995 | 649 | 207 | |||||
| 1996 | 619 | 194 | |||||
| 1997 | 596 | 181 | |||||
| 1998 | 576 | 174 | |||||
| 1999 | 585 | 168 | |||||
| 2000 | 574 | 159 | |||||
- Determine the lest-squares regression line and interpret its slope.
- Estimate, for a year during which 500,000 boats are sold, the number of boat trailers that would be sold.
- What reasons might explain why the number of boat trailers sold pre year is less than the number of boats sold per year?
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