Use a Graphing Utility to Find the Equation of the Line

question 44

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $\begin{array}{l|lllll}\mathrm{x} & 24 & 26 & 28 & 30 & 32 \\\hline \mathrm{y} & 15 & 13 & 20 & 16 & 24\end{array}$

• A) \(y = 0.95 x + 11.8\)
• B) \(y = 0.95 x - 11.8\)
• C) \(y = 1.05 x - 11.8\)
• D) \(y = 1.05 x + 11.8\)

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Definitions:

Financial Statement

Documented records that outline the financial activities and condition of a business, individual, or other entity.

LIFO Reserve

The difference between the cost of inventory calculated under the LIFO method and its cost calculated under the FIFO method.

FIFO Firms

Companies that apply the First-In, First-Out method in their inventory management, recognizing the oldest inventory items as the first sold.

Investors

People or organizations that invest funds anticipating financial profits in return.