Find the Linear Function That Is the Best Fit for the Given

question 74

Multiple Choice

Find the linear function that is the best fit for the given data. Round decimal values to the nearest hundredth, if
necessary.
- $\begin{array}{c|cccccc}\mathrm{x} & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \mathrm{y} & 17 & 20 & 19 & 22 & 21 & 24\end{array}$

• A) \(y = 1.17 x + 16.4\)
• B) \(y = 1.03 x + 16.4\)
• C) \(y = 1.17 x + 18.9\)
• D) \(y = 1.03 x + 18.9\)

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Inventory Purchases

Transactions made by a company to buy goods for sale or raw materials for production, often reflecting a business's operational needs.

Accounts Receivable Period

The mean amount of time required for a company to receive payments due from its clients.

Sales

The total amount of a company's revenues earned from selling its goods or services.