Provide an Appropriate Response $$\begin{array} { r | r r r r r r } \mathrm { x } & 2 & 4 & 6 & 9 & 10 & 12 \\\hline \mathrm { y } & 28 & 33 & 39 & 45 & 47 & 52\end{array}$$

question 14

Essay

Provide an appropriate response.
-A linear model is obtained for the following set of data. $$\begin{array} { r | r r r r r r } \mathrm { x } & 2 & 4 & 6 & 9 & 10 & 12 \\\hline \mathrm { y } & 28 & 33 & 39 & 45 & 47 & 52\end{array}$$ For what range of x-values would it be reasonable to use the model to predict the y-value corresponding to a
given x-value? Why?

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Definitions:

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation or amortization.

Unearned Ticket Revenue

Revenue received from ticket sales before the event or service has been provided; also considered a liability until earned.

Adjusting Journal Entry

An accounting record posted at the conclusion of a fiscal period with the purpose of assigning revenues and expenses to their correct time frame.

Season Tickets

Tickets sold for a set number of events or performances, typically for concerts, theater performances, or sports events.