Use This Information to Answer the Following Questions -Refer to the Table Above

question 61

Essay

Use this information to answer the following questions.
The following data were collected on annual revenues (millions)and the number of slot machines in a Las Vegas casino from 1995 to 2005.
$$\begin{array} { l c c } \text { Year } & \text { Annual Revenues } & \text { Number of SlotMachines } \\1995 & 4 & 35 \\1996 & 6 & 40 \\1997 & 7 & 45 \\1998 & 8 & 50 \\1999 & 6.8 & 55 \\2000 & 8.8 & 60 \\2001 & 9 & 65 \\2002 & 10 & 70 \\2003 & 13 & 75 \\2004 & 12 & 75 \\2005 & 13 & 75\end{array}$$
-Refer to the table above.
a.Develop a regression model to predict annual revenues based on the number of slot machines.
b.Use the estimated regression model to predict annual revenues with 80 slot machines.

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The act of creating, manufacturing, or otherwise bringing into existence a product or service.

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