Use a Graphing Utility to Find the Equation of the Line

question 180

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
-Two different tests are designed to measure employee productivity and dexterity. Several employees are randomly selected and tested with these results. $\begin{array}{l|l|l|l|l|l|l|l|l|l}Productivity&23 & 25 & 28 & 21 & 21 & 25 & 26 & 30 & 34 & 36 \\Dexterity&49 & 53 & 59 & 42 & 47 & 53 & 55 & 63 & 67 & 75\end{array}$

• A) \(\mathrm { y } = 75.3 - 0.329 \mathrm { x }\)
• B) \(y=10.7+1.53 x\)
• C) \(y = 5.05 + 1.91 x\)
• D) \(y = 2.36 + 2.03 x\)

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Definitions:

Economic Signals

Indicators or signs used by consumers and producers to guide their actions, such as prices, which indicate when to buy or sell products or resources.

Producers

Entities that create, manufacture, or supply goods and services for the purpose of selling to consumers, businesses, or other producers.

Consumer Surplus

The gap between the total sum consumers are ready and able to spend for a good or service and the actual amount they pay.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping to the right, reflecting the inverse relationship between price and quantity demanded.