Suppose that the following table shows the annual sales, in millions of dollars, for Advanced Auto Parts and Auto Zone for 2000 through 2007. Find the least squares quadratic model for Advanced Auto Parts and use the model to predict sales for the year 10. Let t represent the year, with corresponding to 2000. Round all coefficients to two decimal places and the answer to nearest million dollars.
A) $20,686 million
B) $34,086 million
C) $14,960 million
D) $29,686 million
E) $10,448 million
Correct Answer:
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