(Solved):
The Joint Strike Fighter (JSF) program, operated by the U.S. Department of Defense, is a global de ...
The Joint Strike Fighter (JSF) program, operated by the U.S. Department of Defense, is a global defense program that involves acquisition of military fighter jets for participating allied countries. An article in the Air \& Space Power Journal (March-April 2014) reported on the estimated annual cost of adding a military aircraft to the JSF program. The accompanying table lists the year of initial operation and cost (in millions of dollars) for 10 JSF military aircraft models. For this problem, let \( y= \) estimated annual cost and \( x=y \) year of initial operation for each aircraft model. Complete parts a through \( \mathbf{c} \) below. Click the icon to view the table. a. Fit the simple linear regression model, \( E(y)=\beta_{0}+\beta_{1} x \), to the data. \[ \hat{y}=\square+(\quad) x \] (Round to one decimal place as needed.)