Solve the Problem Using the Line of Best Fit for the Data Set

question 160

Short Answer

Solve the problem.
-The following data represents the number of employees at a company at the start of each year since the
company began. $$\begin{array} { l | c c c c c c c } \text { month } & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { number } & 3 & 172 & 403 & 571 & 823 & 1061 & 1194\end{array}$$ Using the line of best fit for the data set, predict the number of employees at the start of the 10th year.

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Definitions:

Stock Dividend

A dividend payment made in the form of additional shares of the issuing company, rather than as cash.

Additional Paid-In Capital

The excess amount paid by investors over the par value of the stock during the issuance of shares.

Treasury Stock

Securities that were initially distributed to the public but later repurchased by the issuer, thus lowering the volume of shares in circulation.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the ownership interest held by stockholders.