Use the Following Data Set to Answer the Questions

question 94

Multiple Choice

Use the following data set to answer the Questions: $\begin{array} { | l | l | l | l | l | l | l | l | l } \hline \begin{array} { l } \text { Length of } \\\text { commute in } \\\text { miles } ( x ) \end{array} & 2 & 10 & 8 & 30 & 12 & 70 & 15 & 20 \\\hline \begin{array} { l } \text { Time of } \\\text { commute in } \\\text { minutes (y) }\end{array} & 5 & 25 & 20 & 45 & 25 & 80 & 30 & 35 \\\hline\end{array}$
-What is the slope of the regression line?

• A) 0.9
• B) 1.0
• C) 1.1
• D) 1.5

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Definitions:

Balance Sheet

An economic report indicating a company's possessions, financial responsibilities, and the value belonging to shareholders at a certain instance.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue, expenses, and net profit or loss.

Accounting Equation

A basic principle of accounting that represents the relationship between an entity's assets, liabilities, and owners' equity (Assets = Liabilities + Owners' Equity).

Accounts Payable

Obligations a company owes to its suppliers or creditors for goods and services received but not yet paid for.