Use a Graphing Utility to Find the Equation of the Line

question 226

Multiple Choice

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

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

---

Definitions:

Low Barriers

Refers to the minimal obstacles or constraints in entering a market or sector, allowing for easier access for new competitors.

Standardized Products

Goods that are uniform in quality and characteristics, allowing them to be mass-produced and interchangeable.

Barriers To Entry

Elements that obstruct or discourage new entrants from smoothly accessing a market or business sector.

Monopolistic Competition

A market structure featuring many companies selling similar but not identical products, allowing for some degree of market power and product differentiation.