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2. The proprietor of an internet travel company compiled the following data relating the annual profit of the firm to its annual advertising expenditure (both measured in thousands of dollars): Annual advertising expenditure 12 14 17 21 26 30 Annual profit 60 70 90 100 100 120 (a) Determine the equation of the least squares line. (b) Plot the data and the least squares line. (c) Estimate the profit when the annual advertising budget is $50,000. (d) What about a $100,000 budget

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2. The proprietor of an internet travel company compiled the following data relating the annual prof...

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