The Following Data Show the List Price, X, in Thousands

question 215

Multiple Choice

The following data show the list price, x, in thousands of dollars, and the dealer invoice price, y, also in thousands of dollars, for a variety of sport utility vehicles. Find a linear equation that approximates the data, using the points (16.5,
16) 1) and (20.0, 18.3) . $$\begin{array} { c | c } \text { List Price } & \text { Dealer Invoice Price } \\\hline 16.5 & 16.1 \\17.6 & 17.0 \\20.7 & 18.2 \\23.1 & 19.3 \\20.0 & 18.3 \\24.6 & 21.0\end{array}$$

• A) \(y = 1.59 x - 9.11\)
• B) \(y = 0.629 x + 6.38\)
• C) \(y = 1.59 x - 10.2\)
• D) \(y = 0.629 x + 5.73\)

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Definitions:

Collateral Agreement

An agreement that has its own consideration, but supports another agreement.

Breach of the Contract

An occurrence when one or more parties involved in a contract fail to fulfill their legal obligations as stipulated within the contract.

Financing

The process of providing funds for business activities, making purchases, or investing.

Agreements of Purchase

Legal documents formalizing the terms and conditions under which goods, services, or property are bought and sold.