Use a Graphing Utility to Find the Equation of the Line

question 107

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $$\begin{array} { l | c c c c c } \mathrm { x } & 24 & 26 & 28 & 30 & 32 \\\hline \mathrm { y } & 15 & 13 & 20 & 16 & 24\end{array}$$

• A) y = 1.05x + 11.8
• B) y = 1.05x - 11.8
• C) y = 0.95x - 11.8
• D) y = 0.95x + 11.8

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Definitions:

Additional Labor

Employees or work hours added beyond the initial planning or standard staffing levels, often to meet increased production demands or to cover for unexpected labor shortages.

Variable Cost Concept

A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.

Variable Manufacturing Costs

Costs that vary directly with the level of production, including materials, labor, and overhead expenses that fluctuate with output volume.

Selling and Administrative Costs

Expenses related to the selling of products and the management of the company, not directly tied to the production process.