Use the Regression Capabilities of a Graphing Utility or a Spreadsheet

question 53

Multiple Choice

Use the regression capabilities of a graphing utility or a spreadsheet to find the least squares regression line for the given points. $( - 4 , - 1 ) , ( - 2,0 ) , ( 2,4 ) , ( 4,5 )$

• A) \(y = 1.8 x + 5\)
• B) \(y = 1.2 x + 2\)
• C) \(y = 0.5 x + 1\)
• D) \(y = 0.8 x + 2\)
• E) \(y = 0.2 x + 1\)

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Definitions:

ATC Curve

A graphical representation of the Average Total Cost, depicting how average cost of production varies with the quantity of output produced.

Efficient

Describes a process or system that achieves maximum productivity with minimum wasted effort or expense.

Economy

The system of production, distribution, and consumption of goods and services within a particular geographical area.

ATC Curve

Represents the Average Total Cost curve, showing the per-unit cost of production at different levels of output.