What Happens to the Line of Best Fit If Participant

question 4

Multiple Choice

What happens to the line of best fit if participant 4 scored 22, instead of 95, and participant 17 scored 20 as opposed to 90 in the diving competition?

• A) The line of best fit has become flatter.
• B) The line of best fit has become steeper.
• C) The line of best fit has the same angle but is generally above the observations.
• D) The line is relatively unaffected by the change in data.

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Definitions:

Perfectly Inelastic

Perfectly inelastic describes a market situation where the demand for a product does not change in response to a change in price.

Upsloping

Characteristic of a curve or line that rises as it moves to the right, often used in economics to describe certain supply curves or cost functions.

Incentive Function

The role of incentives in influencing the behavior and decisions of individuals or organizations.

Competitive Markets

Markets characterized by a large number of buyers and sellers, where no single entity controls the market prices.