The Following Data, Compiled by the Superintendent of Schools in a Large

question 66

Multiple Choice

The following data, compiled by the superintendent of schools in a large metropolitan area, shows the average SAT verbal scores of high school seniors during the 5 years since the district implemented its "back-to-basics" program. Determine the equation of the least-squares line for these data. Use the result obtained to predict the average SAT verbal score of high school seniors 2 years from now (x = 7) . Please round your answer to the nearest whole number.

• A) y = - 2.9x + 450; 426
• B) y = - 2.9x + 450; 416
• C) y = - 2.8x + 440; 420
• D) y = - 2.8x + 440; 422

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Definitions:

Operating Activities

Transactions and events related to the primary business activities, such as selling products or services, which are reflected in the cash flows.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including cash equivalents.

Common Stock

A type of equity ownership in a corporation, representing claims on a portion of its earnings and assets, with voting rights on corporate matters.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments, not including inventory, reported in the cash flow statement.