Write the Best-Fit Linear Model for the Data A) $y = 10.7 + 1.53 x$

question 152

Multiple Choice

Write the best-fit linear model for the data.
-Two different tests are designed to measure employee productivity and dexterity. Several employees are randomly selected and tested with these results. Find the linear function to model this data. $\begin{array}{cc|c|c|c|c|c|c|c|c|c}\text { Productivity } & 23 & 25 & 28 & 21 & 21 & 25 & 26 & 30 & 34 & 36 \\\hline \text { Dexterity } & 49 & 53 & 59 & 42 & 47 & 53 & 55 & 63 & 67 & 75\end{array}$

• A) \(y = 10.7 + 1.53 x\)
• B) \(y = 2.36 + 2.03 x\)
• C) \(y = 75.3 - 0.329 x\)
• D) \(y = 5.05 + 1.91 x\)

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Definitions:

Nondiscriminating Monopolist

A monopolist who charges all consumers the same price for its product regardless of the consumer's willingness or ability to pay more.

Price Discriminate

The strategy of selling the same product to different customers at different prices based on what the seller believes each customer is willing to pay.

Marginal Revenue Curve

A graphical representation that shows how marginal revenue varies as output level changes, typically downward sloping for firms in competitive markets.

Demand Curve

A chart that displays how the cost of an item correlates with the amount of that item buyers are prepared to buy at different price levels.