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Listed below is the net sales in $million for Home Depot Inc. and its subsidiaries from 1993 to 2004.
Year
Net Sales
1993
$9,239
1999
$38,434
1994
12477
2000
45738
1995
15470
2001
53553
1996
19535
2002
58247
1997
24156
2003
64816
1998
30219
2004
73094
Determine the least squares equation. According to this information, what are the estimated sales for 2008 and 2009?
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Tthe United States during 1993 was $40,500. Assume the standard deviation was $8,500. Should a mobile home selling for $75,000 be considered an outlier? Explain why or why not.
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