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Biologists observed that as the temperature t (in degrees Fahrenheit) increased near a local ant colony the speed s that the ants traveled also increased. The data from this observation is shown in the table below. Find the linear regression equation based on the data provided to determine how fast the ants will walk with the temperature is 105 ºF. (Rounded to the nearest hundredth)
Slope
In mathematics and economics, it represents the rate at which one variable changes over the change in another variable, often depicted in graph form.
Isoquant
A line illustrating various input combinations yielding an identical output level according to production theory.
Marginal Product
The increase in output that arises from an additional unit of input, holding all other inputs constant.
Total Cost Curve
A graphic representation showing how total cost changes with changes in the level of output or production.
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