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

question 77

Essay

Solve the problem.
-The following data represents the number of employees at a company at the start of each year since the
company began. $$\begin{array} { l | l c c c c c c } \text { month } & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { number } & 3 & 172 & 403 & 571 & 823 & 1061 & 1194\end{array}$$ Find the slope of the line of best fit for the data set and interpret it.

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Definitions:

Teller's Check

A check drawn by a bank on its own funds and signed by a teller, representing a guarantee of payment, often used in transactions requiring secure funds.

Drawer

The party in a transaction who writes a check or draft, instructing the bank to pay a specified amount of money from the drawer's account.

Drawee

A drawee is the party directed by the depositor to pay a certain amount to the person presenting the check or draft.

NSF

An abbreviation for "Non-Sufficient Funds", indicating that a check cannot be processed due to insufficient money in the account.