Use a Graphing Utility to Find the Equation of the Line

question 92

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $$\begin{array} { c | c c c c c } x & 3 & 5 & 7 & 15 & 16 \\\hline y & 8 & 11 & 7 & 14 & 20\end{array}$$

• A) y = 0.75x + 4.07
• B) y = 0.85x + 3.07
• C) y = 0.95x + 3.07
• D) y = 0.75x + 5.07

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Definitions:

Fair Value

The proceeds from divesting an asset or the expense for reallocating a liability in a conventional transaction between market stakeholders at the calculation date.

Investment Account

An account held at a financial institution that is used to buy and hold various investment securities, such as stocks and bonds.

Corporate Existence

The state of being recognized as a separate entity with legal rights and obligations, typically achieved through incorporation.

Fair Value

The financial gain from trading away an asset or the investment needed to dissolve a liability in a negotiated agreement amongst market stakeholders at the time of valuation.