Because of new, lower standards, experts in a study conducted in early 2000 projected a rise in the market for cholesterol-reducing drugs. The any market (in billions of dollars) for such drugs from 1999 through 2004 is given in the following table ( represents 1999): Find an equation of the least-squares line for these data. Please round coefficients to the nearest hundredth if necessary. Estimate the market for cholesterol-reducing drugs in 2005, assuming the trend continued.
A) $23.88 billion
B) $26.27 billion
C) $29.39 billion
D) $29.25 billion
E) $24.11 billion

Question

Because of new, lower standards, experts in a study conducted in early 2000 projected a rise in the market for cholesterol-reducing drugs. The any market (in billions of dollars) for such drugs from 1999 through 2004 is given in the following table (  represents 1999):  Find an equation of the least-squares line for these data. Please round coefficients to the nearest hundredth if necessary. Estimate the market for cholesterol-reducing drugs in 2005, assuming the trend continued.
A) $23.88 billion 
B) $26.27 billion 
C) $29.39 billion 
D) $29.25 billion 
E) $24.11 billion

Quizplus · Accepted Answer

The Answer of Because of new, lower standards, experts in a study conducted in early 2000 projected a rise in the market for cholesterol-reducing drugs. The any market (in billions of dollars) for such drugs from 1999 through 2004 is given in the following table (  represents 1999):  Find an equation of the least-squares line for these data. Please round coefficients to the nearest hundredth if necessary. Estimate the market for cholesterol-reducing drugs in 2005, assuming the trend continued.
A) $23.88 billion 
B) $26.27 billion 
C) $29.39 billion 
D) $29.25 billion 
E) $24.11 billion

Because of New, Lower Standards, Experts in a Study Conducted