Use the Given Data to Find the Equation of the Regression

question 37

Multiple Choice

Use the given data to find the equation of the regression line. Round the final values to three significant digits, if necessary.
- $\begin{array}{l|lllll}\mathrm{x} & 24 & 26 & 28 & 30 & 32 \\\hline \mathrm{y} & 15 & 13 & 20 & 16 & 24\end{array}$

• A) \(\hat { y } = - 11.8 + 0.950 x\)
• B) \(\hat { y } = 11.8 + 1.05 x\)
• C) \(\hat { y } = 11.8 + 0.950 x\)
• D) \(\hat { y } = - 11.8 + 1.05 x\)

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Definitions:

Financial Statements

Papers that offer a summary of a corporation's financial status, featuring its balance sheet, profit and loss account, and statement of cash flows.

Accounting Procedures

The methods and processes used to record, summarize, and report financial transactions.

Profit Margin

A financial metric expressed as a percentage that measures how much of every dollar of revenue is retained as profit after all expenses have been deducted.

Net Income

The income a company retains following the subtraction of all expenses and taxes from the gross revenue.