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

question 51

Multiple Choice

Find the linear function that is the best fit for the given data. Round decimal values to the nearest hundredth, if
necessary.
- $\begin{array}{l|ccccc}\mathrm{x} & 3 & 5 & 7 & 15 & 16 \\\hline \mathrm{y} & 8 & 11 & 7 & 14 & 20\end{array}$

• A) \(y = 0.75 x + 5.07\)
• B) \(y = 0.85 x + 3.07\)
• C) \(y = 0.95 x + 3.07\)
• D) \(y = 0.75 x + 4.07\)

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Definitions:

Direct Method

An accounting practice of allocating support department costs directly to producing departments without consideration for interdepartmental services.

Sales Adjusted

Adjustments made to recorded sales figures for returns, allowances, or discounts to determine the actual net sales amount.

Cash Basis

An accounting method recognizing revenues and expenses when cash is actually received or paid out, rather than when earned or incurred.

Selling and Administrative Expense

Expenses related to the selling of products and the management of the business, not directly tied to production.