Use a Graphing Utility to Find the Equation of the Line

question 23

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $$\begin{array} { l | l l l l l } \mathrm { x } & 0 & 3 & 4 & 5 & 12 \\\hline \mathrm { y } & 8 & 2 & 6 & 9 & 12\end{array}$$

• A) y = 0.53x + 4.88
• B) y = 0.73x + 4.98
• C) y = 0.63x + 4.88
• D) y = 0.43x + 4.98

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a specific price.

Wage Rate

The amount of money paid per hour, day, or another unit of time for labor.

Pizza Makers

Individuals or machines that specialize in preparing and baking pizzas.

Pizza Sauce

While not a standard economic key term, it could be studied in terms of its production, cost, and role in the food industry.