You Are Applying the Scattergraph Method and Find That the Regression

question 93

Multiple Choice

You are applying the scattergraph method and find that the regression line you have drawn passes through a data point with the following coordinates: 1,000 units and $9,600.The regression line passes through the Y axis at the $600 point.Which of the following is the cost formula that represents the slope of this line?

• A)Y = $600 + $9.00X
• B)Y = $600 + $9.60X
• C)Y = $9,600 + $.06X
• D)None of the above is true.

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