The Table Shows Soybean Production, in Millions of Tons, in Brazil's

question 110

Multiple Choice

The table shows soybean production, in millions of tons, in Brazil's Cerrados region, as a function of the cultivated area, in millions of acres. Use technology to obtain the regression line. Round coefficients to two decimal places. $$\begin{array} { | l | l | l | l | l | l | } \hline \text { Area (Millions of Acres) } \boldsymbol { x } & 25 & 30 & 32 & 40 & 52 \\\hline \text { Production (Millions of Tons) } - \boldsymbol { y } & 14 & 25 & 30 & 40 & 60 \\\hline\end{array}$$

• A) \(y = 1.64 x - 24.94\)
• B) \(y = 1.64 x + 24.94\)
• C) \(y = 16.4 x + 24.94\)
• D) \(y = - 1.64 x - 24.94\)
• E) \(y = - 16.4 x + 24.94\)

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Definitions:

Present Value

Today's value of future money or cash flow sequences, calculated using a certain rate of return.

Interest Rate

The percentage at which interest is charged or paid for the use of money over a period of time.

Positive Incomes

Situations or instances where individuals or entities receive or earn money, representing an increase in financial resources.

Real Rate

The interest rate adjusted for inflation, more accurately reflecting the true cost of borrowing or the real yield on an investment.