Exhibit 12-3
You Are Given the Following Information About Y

question 117

Multiple Choice

Exhibit 12-3
You are given the following information about y and x.
$\begin{array}{cc}\text { Dependent Variable Y) }&\text { Independent Variable } \mathbf{X} \text { ) }\\12 & 4 \\3 & 6 \\7 & 2 \\6 & 4\end{array}$
-Refer to Exhibit 12-3. The least squares estimate of b? equals

• A) 1
• B) -1
• C) -11
• D) 11

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Definitions:

Investing Activities

Transactions and events that involve the purchase or sale of long-term assets and other investments not included in cash equivalents.

Operating Activities

Business actions that are directly related to the production and delivery of goods and services, which are fundamental to the company’s operations.

Cash Flow Per Share

A measure indicating the amount of cash flow generated by a company on a per-share basis, useful for assessing financial performance and liquidity.

GAAP

A set of widely adhered-to accounting norms and guidelines for financial statements.