Find the Equation of the Least Squares Line $y=55.8+2.79 x$

question 83

Multiple Choice

Find the equation of the least squares line.

-The paired data below consist of the costs of advertising (in thousands of dollars) and the number of products sold (in thousands) .

• A) \( y=55.8+2.79 x \)
• B) \( y=55.8-2.79 x \)
• C) \( y=26.4+1.42 x \)
• D) \( y=-26.4-1.42 x \)

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Definitions:

Persuasive Argument

A form of reasoning aimed at convincing someone to believe or do something by using evidence and logical reasoning.

Proposal

A formal suggestion or plan put forward for consideration or discussion by others.

Deliverables

Tangible or intangible outputs or outcomes that must be provided upon completion of a project or task.

Tangible Product

A physical item that can be perceived by touch and is produced for sale or use.