Use the REGRESSION Feature on a Graphing Calculator

question 41

Multiple Choice

Use the REGRESSION feature on a graphing calculator.
-In the table below,x represents the number of years since 2000 and y represents sales (in thousands of dollars) of a clothing company.Use the regression equation to estimate sales in the year 2006.Round to the nearest thousand dollars.

• A)$14,000
• B)$20,000
• C)$2,000
• D)$8,000

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Definitions:

Acid Test Ratio

A financial metric that evaluates a company's ability to pay off its current liabilities with quick assets like cash, marketable securities, and accounts receivable.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Accounts Receivable

Money owed to a business for goods or services that have been delivered or used but not yet paid for by customers.

Current Liabilities

Debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer.