Which of the Following Equations Is the Trend Line Equation

question 45

Multiple Choice

Which of the following equations is the trend line equation for the given data? Note: the fitted model assumes that the years are numbered 1 through 10, not the actual dates.)

• A) 60.123x + 481.56
• B) 48.16x + 481.86
• C) 32.17x + 931.87
• D) 57.15x + 503.81

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Definitions:

Relevant

Pertaining to decision-making, it refers to information or data that can influence the outcome of the decision.

Incurred Costs

Expenses that have been realized in the course of business operations.

Alternatives

Different options or choices available in a decision-making process.

Traceable

Costs or items that can be directly linked or attributed to a specific product, job, or department, facilitating accurate costing and financial analysis.