Solve the Problem Find the Slope of the Line of Best Fit for Money

question 83

Essay

Solve the problem.
-The following data represents the amount of money Tom is saving each month since he graduated from college. $$\begin{array} { l | l c c c c c c } \text { month } & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { savings } & \$ 52 & \$ 70 & \$ 81 & \$ 91 & \$ 102 & \$ 118 & \$ 132\end{array}$$ Find the slope of the line of best fit for the data set and interpret it.

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Definitions:

Debt-paying Ability

A measure of a company's financial strength, indicating its capability to meet both short-term and long-term liabilities.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and health of the company.