The Following Data, Compiled by the Admissions Office at Faber

question 154

Multiple Choice

The following data, compiled by the admissions office at Faber College during the past 5 years, relate the number of college brochures and follow-up letters (x) sent to a preselected list of high school juniors who had taken the PSAT and the number of completed applications (y) received from these students (both measured in units of 1,000) . Determine the equation of the least-squares line for these data.Use the result obtained to predict the number of completed applications that might be expected if 6,400 brochures and follow-up letters are sent out during the next year.

• A)y = 0.33x - 1; 1,324 applications
• B)y = 0.33x - 1; 1,301 applications
• C)y = 0.34x - 0.9; 1,276 applications
• D)y = 0.34x - 0.9; 1,310 applications

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Definitions:

Goods In Transit

Merchandise or inventory items that have been shipped by a seller but not yet received by the buyer, often considered in inventory counts.