Use the Given Data to Find the Equation of the Regression

question 44

Multiple Choice

Use the given data to find the equation of the regression line. Round the final values to three significant digits, if necessary.
- $\begin{array}{r|rrrrr}\mathrm{x} & 3 & 5 & 7 & 15 & 16 \\\hline \mathrm{y} & 8 & 11 & 7 & 14 & 20\end{array}$

• A) \(\hat { y } = 5.07 + 0.753 \mathrm { x }\)
• B) \(\hat { y } = 5.07 + 0.850 x\)
• C) \(\hat { y }= 4.07 + 0.850 x\)
• D) \(\hat { y }= 4.07 + 0.753 x\)

---

Definitions:

International Trade

The exchange of goods, services, and capital between countries or territories, enhancing global economic growth, extending markets, and driving competition.

Specialization

A strategy where individuals or entities focus on a narrow area of expertise to increase efficiency and productivity.

Off-shoring

The practice of relocating a company's business process or production to a foreign country to reduce costs.

World's Oil

The global reserves and production of petroleum, crucial for energy production and as a commodity in international trade.