Question

in 1994, the profit is $250,000
in 1995, the profit is $280,000
in 1996, the profit is $240,000
in 1997, the profit is $320,000
in 1998, the profit is $310,000

this information is in a chart but charts don't work here so anyways
[it looks something like this:

Year: 1994 1995
Profit: $250,000 $280,000

etc]

so I have to make a scatter plot of the data, which is pretty easy and answer a few questions.. here are the questions that I didn't get:

1. Write a linear model for the amount of profit.
2. Write a linear model to estimate the profit in 2002.

please show/explain how to do these. thnk u

Answer 1

I answered this below, rather wordily. If there's something else I can explain, do ask.