Assignment:
For 1998 and 1999, quarterly revenue and net income (millions of dollars) for Pacer Technology were as shown here.
1998 1999
I II III IV I II III IV
|
x= Revenue
|
$13.66
|
11.84
|
9.99
|
10.56
|
7.38
|
6.27
|
8.32
|
9.97
|
|
y = Net income
|
0.96
|
0.42
|
-0.39
|
0.30
|
0.45
|
0.28
|
0.43
|
0.39
|
Determine the least-squares regression line and interpret its slope. Estimate net income if the revenue figure is $10 million.
Provide complete and step by step solution for the question and show calculations and use formulas.