Solve the Problem Using the Line of Best Fit for the Data Set

question 194

Short Answer

Solve the problem.
-The following data represents the amount of money Tom is saving each month since he graduated from college. $$\begin{array} { l | c c c c c c c } \text { month } & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { savings } & \$ 52 & \$ 70 & \$ 81 & \$ 91 & \$ 102 & \$ 118 & \$ 132\end{array}$$ Using the line of best fit for the data set, predict the amount he will save in the 24th month after graduating from
college.

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Definitions:

Mean Sales

The average revenue from sales over a specific period of time.

Bell-Shaped

A description of a graph or distribution that is symmetrical and rounded at the top, resembling the shape of a bell, typically indicative of a normal distribution.

Standard Deviation

An examination of the level of disparity or distribution range among values.

Skewed

A description of a distribution that is not symmetrical around its mean, indicating that the data points tend to extend more to one side than the other.