Solve the Problem A) $10.3$ B) $9.7$ C) $15.7$ D) $10.5$

question 243

Multiple Choice

Solve the problem.
-A marina owner wishes to estimate a linear function that relates boat length in feet and its draft (depth of boat below water line) in feet. He collects the following data. Let boat length represent the independent variable and
Draft represent the dependent variable. Use a graphing utility to draw a scatter diagram and to find the line of
Best fit. What is the draft for a boat 60 ft in length (to the nearest tenth) ? $\begin{array}{l|l}\text { Boat Length }(\mathrm{ft}) & \text { Draft }(\mathrm{ft}) \\\hline 25 & 2.5 \\25 & 2 \\30 & 3 \\30 & 3.5 \\45 & 6 \\45 & 7 \\50 & 7 \\50 & 8\end{array}$

• A) \(10.3\)
• B) \(9.7\)
• C) \(15.7\)
• D) \(10.5\)

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Definitions:

Interest-Cost Of Funds Curve

The Interest-Cost of Funds Curve represents the relationship between the cost of borrowing and the amount of funds borrowed in financial markets.

Optimal R&D

Optimal R&D refers to the most efficient level of investment in research and development activities that maximizes the return on investment for a company or economy.

Perfectly Elastic

Describes a situation in market demand or supply where quantity demanded or supplied changes infinitely in response to even a tiny change in price.

Optimal R&D

The most efficient level of investment in research and development activities where marginal costs equal marginal benefits, maximizing net benefits.