Use a Graphing Utility to Find the Equation of the Line

question 273

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $\begin{array}{c|ccccc}x & 1 & 3 & 5 & 7 & 9 \\\hline y & 143 & 116 & 100 & 98 & 90\end{array}$

• A) \(y = 6.2 x - 140.4\)
• B) \(y = - 6.8 x + 150.7\)
• C) \(y = - 6.2 x + 140.4\)
• D) \(y = 6.8 x - 150.7\)

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Definitions:

Average Collection Period

The average number of days it takes for a company to receive payments owed by its customers for sales on credit.

Credit Policies

Guidelines that a company follows to determine the creditworthiness of customers, terms of credit, collection procedures, and how much credit to extend.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.

Cash-flow Management

The process of monitoring, analyzing, and optimizing the net amount of cash receipts minus cash expenses.