Use the Given Data to Find the Equation of the Regression

question 42

Multiple Choice

Use the given data to find the equation of the regression line. Round the final values to three significant digits, if necessary.
- $\begin{array}{l|lllll}\mathrm{x} & 24 & 26 & 28 & 30 & 32 \\\hline \mathrm{y} & 15 & 13 & 20 & 16 & 24\end{array}$

• A) \(\hat { y } = - 11.8 + 1.05 x\)
• B) \(\hat { y } = 11.8 + 1.05 x\)
• C) \(\hat { y } = 11.8 + 0.950 \mathrm { x }\)
• D) \(\hat { y } = - 11.8 + 0.950 x\)

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Definitions:

Subsidy

Financial assistance provided by the government or a public body to support businesses, reduce prices, or encourage a particular economic activity.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.

Subsidy

A form of financial aid or support extended to an economic sector, typically by the government, to promote beneficial economic activities.