Use a Graphing Utility to Find the Equation of the Line

question 118

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
-Ten students in a graduate program were randomly selected. Their grade point averages (GPAs) when they entered the program were between 3.5 and 4.0. The following data were obtained regarding their GPAs on entering the program
Versus their current GPAs. $\begin{array}{cc}\text { Entering GPA } & \text { Current GPA } \\\hline 3.5 & 3.6 \\3.8 & 3.7 \\3.6 & 3.9 \\3.6 & 3.6 \\3.5 & 3.9 \\3.9 & 3.8 \\4.0 & 3.7 \\3.9 & 3.9 \\3.5 & 3.8 \\3.7 & 4.0\end{array}$

• A) \(y = 0.50 x + 5.81\)
• B) \(y = 0.03 x + 3.67\)
• C) \(y = 0.02 x + 4.91\)
• D) \(y = 0.33 x + 2.51\)

Understand the concept of the critical path in project management, including how to identify and analyze it.

Calculate and interpret the probability of project completion times using PERT analysis.

Understand and apply the principles of crashing in project management to reduce completion time.

Calculate crash costs and determine the most cost-effective activities to crash in a project.

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Definitions:

Total Revenue

The total amount of money received by a company from selling goods or services before any expenses are deducted.

Inverse Demand Function

A mathematical representation that describes the relationship between the price of a good and the quantity that consumers are willing and able to purchase, expressed as price as a function of quantity demanded.

Marginal Cost

The expenditure involved in the production of an extra unit of a good or service.

Elasticity of Demand

An indicator of the degree to which demand for a product changes in response to a variation in its price, shown as a percentage.