Use a Graphing Utility to Find the Equation of the Line

question 243

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $\begin{array}{l|ccccc}x & 3 & 5 & 7 & 15 & 16 \\\hline y & 8 & 11 & 7 & 14 & 20\end{array}$

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

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Definitions:

Sinking Fund

An arrangement to guarantee that funds are available to pay off a bond’s principal at maturity.

Payments

The transfer of money or goods in exchange for products, services, or to fulfill a legal obligation.

Principal

The amount of money originally invested or loaned, on which basis interest and returns are calculated.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a one-year period.