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

question 45

Multiple Choice

Find the linear function that is the best fit for the given data. Round decimal values to the nearest hundredth, if
necessary.
- $\begin{array}{l|lllll}x & 24 & 26 & 28 & 30 & 32 \\\hline y & 15 & 13 & 20 & 16 & 24\end{array}$

• A) \(y = 0.95 x + 11.8\)
• B) \(y = 1.05 x + 11.8\)
• C) \(y = 1.05 x - 11.8\)
• D) \(y = 0.95 x - 11.8\)

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Definitions:

Resale

Resale refers to the action of selling a product or asset to another party after it has been bought, often used in the context of goods bought for the purpose of selling them at a profit.

Straight-Line Method

A technique for calculating depreciation by uniformly distributing the cost of an asset across its lifespan.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its useful life until a specific date.

Salvage Value

An asset’s foretold selling price at the finish of its service period.