The Table Shows Average Salaries for Employees of Fairto Middlin

question 71

Essay

The table shows average salaries for employees of Fairto Middlin Corporation. Find a linear regression equation for the data and graph the equation with a scatter plot of the data. (Use x=0 for 1975 , and express values to the nearest hundredth.) Use this data to estimate the average salary in 2012 .
$\begin{array}{cc}\text { Year } & \text { Average Salary (\$) } \\\hline 1975 & 18,632 \\1980 & 19,563 \\1985 & 21,324 \\1990 & 22,817 \\1995 & 25,099 \\2000 & 26,103\end{array}$