Answer:
2
Step-by-step explanation:
The difference between the x points is 1.
The difference between the y points is 2
The slope is rise over run so the slope of this line is 2/1 which is the same as 2.
Answer:
Y = 7.60X + 1246.67
Step-by-step explanation:
Given the data:
Production Volume (units) Total Cost ($)
400 4000
450 5000
550 5400
600 5900
700 6400
750 7000
Using technology, the linear regression calculator, the regression model obtained by fitting the data is :
Y = 7.60X + 1246.67 ; which is the model giving the relationship between Production volume, x and total cost, y.
Slope = 7.60
Intercept = 1246.67
The answer would be $2.70
