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Question
The scatter plot below shows the average cost of a designer jacket in a sample of years between 2000 and 2015. The least
squares regression line modeling this data is given by ý = -4815 +3.765x.
2,780 ty
.
2,760
2,740
Price ($)
2.720
2,700
2,680
2,660
2010
2015
2005
Year
Interpret the y-intercept of the least squares regression line. Is it feasible?