acres.soy bushels.soy 2122 76900 4975 287900 234 61700 5269 341100 2561 106900 7

Question

acres.soy bushels.soy
2122 76900
4975 287900
234 61700
5269 341100
2561 106900
7527 487300
8762 491900
2860 153800
2140 199000
3629 219800
7349 307900
2994 162500
897 50400
6511 366200
6306 381100
3324 157300
9887 456500
6893 373100
2013 104200
1600 216700

Measurements from a simple random sample of twenty soy farms in Illinois is found in the file illinois.txt. (It is known that there are 2500 soy farms in Inois.) The farmers were asked two questions of the 2016 season: how many acres do they have planted with soy, and how many bushels of soy did they harvest and sell. Estimate the total number of bushels of soy produced and sold, given that there were ten million

Explanation / Answer

Regression equation is

acres.soy = 36532.175+48.622 bushels.soy

10000000=36532.175+48.622 bushels.soy

bushels.soy = (10000000-36532.175)/48.622 = 204916.86

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