The Following Excel Scatterplot with the Fitted Quadratic Regression Equation

question 21

Multiple Choice

The following Excel scatterplot with the fitted quadratic regression equation illustrates the observed relationship between productivity and the number of hired workers. Assuming that the number of hired workers must be an integer,what is the maximum productivity to achieve?

• A) 29.58
• B) 30.00
• C) 124.603
• D) 124.585

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Definitions:

Trade Deficit

A nation's negative balance of trade, which exists when that country imports more products than it exports.

Taxes on Imports

Financial duties applied to goods brought into one country from another, typically used to protect domestic industries and generate revenue.

Trade Deficit

An economic measure where a country's imports exceed its exports over a certain period, indicating an outflow of domestic currency to foreign markets.