Use the REGRESSION Feature on a Graphing Calculator

question 60

Multiple Choice

Use the REGRESSION feature on a graphing calculator.
-As the number of farms has decreased in South Carolina, the average size of the remaining farms has grown larger, as shown below. Let x represent the number of years since 1900. Use a graphing calculator to fit a quadratic function to the data. Round
Your answer to five decimal places.

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Definitions:

Payback Period

The time it takes for an investment to generate an amount of income or cash equal to the cost of the investment.

Depreciation

Depreciation is the method of allocating the cost of a tangible or physical asset over its useful life.

Salvage Value

An asset's forecasted residual value once it has fulfilled its period of usefulness.

Sales

The total amount of revenue generated from the sale of goods or services by a company.