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Following Are Forecasts of Worldwide Annual Cell Phone Handset Sales

Question 21

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Following are forecasts of worldwide annual cell phone handset sales.  Year x357 Sales y (Millions) 500600800\begin{array} { | l | l | l | l | } \hline \text { Year } x & 3 & 5 & 7 \\\hline \text { Sales } y \text { (Millions) } & 500 & 600 & 800 \\\hline\end{array}
( x=3x = 3 represents 2003)
Complete the table. xyxyx2350056007800 Totals \begin{array} { | l | l | l | l | l | } \hline & x & y & x y & x ^ { 2 } \\\hline & 3 & 500 & & \\\hline & 5 & 600 & & \\\hline & 7 & 800 & & \\\hline \text { Totals } & & & & \\\hline\end{array}
Obtain the associated regression line. (Round coefficients to 2 decimal places if necessary.)
Slope: __________
Intercept: __________
Use your regression equation to project the 2016 sales. (Round the answer to 2 decimal places if necessary.)
__________

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1500; 9; 3000; 25; 5...

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