The Price of a Swatch Watch Increased 1 3/4 Times

question 133

Multiple Choice

The price of a Swatch watch increased 1 3/4 times from the price last year. If this year's price is $175, what was last year's price?

• A)$75
• B)$100
• C)$60
• D)$90
• E)$120

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Definitions:

Slope

In mathematics and statistics, it represents the rate at which a line inclines or declines, showing the change in the dependent variable for a unit change in the independent variable.

Y-Intercept

The location at which a line or curve crosses the y-axis in a coordinate system.

Simple Linear Regression

A statistical method that examines the linear relationship between two continuous variables, using a straight line to model the relationship.

Error Terms

In statistical modeling, these represent the difference between observed values and the values predicted by the model, reflecting unexplained or random variability.