Use the Given Data to Find the Equation of the Regression

question 3

Multiple Choice

Use the given data to find the equation of the regression line. Round the final values to three significant digits, if necessary.
- $\begin{array}{r|rrrr}x & 2 & 4 & 5 & 6 \\\hline y & 7 & 11 & 13 & 20\end{array}$

• A) \(\hat { y } = 0.15 + 3.0 x\)
• B) \(\hat { y } = 3.0 \mathrm { x }\)
• C) \(\hat { y } = 0.15 + 2.8 x\)
• D) \(\hat { y } = 2.8 \mathrm { x }\)

---

Definitions:

Pay Increases

Adjustments made to an employee's salary to reward performance, match market rates, or adjust for cost of living.

Employee Stock Ownership Programs

are employee benefit plans that provide workers with an ownership interest in the company, often aiming to align the interests of employees and shareholders.

Retirement Plans

Financial strategies that individuals use to allocate savings and investments for income during their retirement years.

Top-Level Executives

Senior managers holding pivotal positions in a company, responsible for strategic decisions and overall management.