Question

The table lists the average tuition and fees at private colleges and universities for selected years. Year | 1985 | 1990 | 1995 | 2000 | 2008 Tuition and Fees (in dollars) | 5362 | 9311 | 12,360 | 16,175 | 25,140 (a) Find the equation of the least-squares regression line that models the data. y ? [ ] (Type the slope as a decimal rounded to three decimal places. Round the y-intercept to the nearest integer.) 

          The table lists the average tuition and fees at private colleges and universities for selected years.

Year | 1985 | 1990 | 1995 | 2000 | 2008
Tuition and Fees (in dollars) | 5362 | 9311 | 12,360 | 16,175 | 25,140

(a) Find the equation of the least-squares regression line that models the data.
y ? [ ]
(Type the slope as a decimal rounded to three decimal places. Round the y-intercept to the nearest integer.)
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The table lists the average tuition and fees at private colleges and universities for selected years. Year | 1985 | 1990 | 1995 | 2000 | 2008 Tuition and Fees (in dollars) | 5362 | 9311 | 12,360 | 16,175 | 25,140 (a) Find the equation of the least-squares regression line that models the data. y ? [ ] (Type the slope as a decimal rounded to three decimal places. Round the y-intercept to the nearest integer.)

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Calculus: Early Transcendentals
Calculus: Early Transcendentals
James Stewart 8th Edition
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The table lists the average tuition and fees at private colleges and universities for selected years. Year: 1985, 1990, 1995, 2000, 2008 Tuition and Fees (in dollars): 5362, 9311, 12,360, 16,175, 25,140 (a) Find the equation of the least-squares regression line that models the data. y ≈ [ ] (Type the slope as a decimal rounded to three decimal places. Round the y-intercept to the nearest integer.)
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Transcript

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00:01 So the table gives us the data for the year and the tuition and fees for particular private colleges, private colleges and universities.
00:09 So the years are 1985, 1990, 1990, 2008.
00:16 Well, if you notice, i did not use that in my list because that will give us a very ugly equation.
00:23 So what we normally like to do is say let's start at zero and let that zero represent the year.
00:30 In 1985.
00:31 So five years later would be 1990.
00:35 Ten years later would be 1995 and etc.
00:39 So that's the points i'm going to use to get my regression equation...
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