The Management of Kaldor, a Manufacturer of Electric Motors, Submitted

Multiple Choice

The management of Kaldor, a manufacturer of electric motors, submitted the following data in the annual report to its stockholders. The table shows the net sales (in millions of dollars) during the 5 years that have elapsed since the new management team took over. (The first year the firm operated under the new management corresponds to the time period , and the four subsequent years correspond to .) Determine the equation of the least-squares line for these data and use it to predict the net sales for the upcoming year.

A) 485.8 millions of dollars
B) 529.8 millions of dollars
C) 519.8 millions of dollars
D) 512.8 millions of dollars
E) 552.8 millions of dollars