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:

Unsecured Claims

Debts or claims for which the creditor does not have any collateral security.

Chapter 12

A type of bankruptcy proceeding in the United States that provides for adjustment of debts of a "family farmer" or "family fisherman."

Family Farmers

Small-scale farmers who own and operate their farms primarily with family labor, focusing on the sustainability of agriculture and rural communities.

Regular Income

Earnings received by an individual or entity on a steady and predictable basis, often from employment or investments.