Use a Graphing Utility to Find the Equation of the Line

question 183

Multiple Choice

Use a graphing utility to find the equation of the line of best fit. Round to two decimal places, if necessary.
- $$\begin{array} { c | c c c c c } x & 2 & 3 & 7 & 8 & 10 \\\hline \mathrm { y } & 2 & 4 & 4 & 6 & 6\end{array}$$

• A) y = 1.79x - 1.86
• B) y = -1.86x + 1.79
• C) y = 1.79x + 0.43
• D) y = 0.43x + 1.79

---

Definitions:

Financial Transactions

Exchanges or transfers of money between parties, which can include buying, selling, or trading assets.

Accounts Payable

The amount of money a company owes creditors (suppliers, etc.) in return for goods and services they have delivered.

Operating Expenses

The ongoing costs incurred in the day-to-day operations of a business, excluding costs associated with the production of goods or services.

Gross Collection Ratio Formula

A financial metric used to assess the efficiency of a company's collections department, calculated by dividing total collections by the total amount of billable charges.