Use the Given Data to Find the Equation of the Regression

question 36

Multiple Choice

Use the given data to find the equation of the regression line. Round the final values to three significant digits, if necessary. $\begin{array}{l|l|l|l|l|l|l|l|l|l|l}\text { Productivity (x) } & 23 & 25 & 28 & 21 & 21 & 25 & 26 & 30 & 34 & 36 \\\hline \text { Dexterity }(\boldsymbol{y}) & 49 & 53 & 59 & 42 & 47 & 53 & 55 & 63 & 67 & 75\end{array}$

• A) \(\hat { y } = 2.36 + 2.03 x\)
• B) \(\hat { y } = 10.7 + 1.53 x\)
• C) \(\hat { y } = 75.3 - 0329 x\)
• D) \(\hat { y } = 5.05 + 1.91 x\)

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Definitions:

Reducing Inflation

Measures and policies implemented to decrease the rate at which the general level of prices for goods and services is rising.

Debt-to-Income Ratio

A financial measure that compares an individual's total debt to their total gross income, often used by lenders to assess borrowing risk.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Real Growth Rate

The rate at which an economy's gross domestic product (GDP) grows after adjusting for inflation, indicating the actual growth of economic output.