What is the equation for the line of curve of best fit for the following data?
1 answer:
Correct answer:
Option B. y = 50.5x - 240
If we plot these points on a graph, we will observe that these points mostly lie in a straight line. Therefore, a straight line will be the best fit for the given ordered pairs. The equation of the best fit can be found using any tool like Statistica, Stata or Excel. I have used Microsoft Excel to plot the lines and find the equation of best fit. The graph and equation are shown below in the image attached with:
Option B. y = 50.5x - 240
If we plot these points on a graph, we will observe that these points mostly lie in a straight line. Therefore, a straight line will be the best fit for the given ordered pairs. The equation of the best fit can be found using any tool like Statistica, Stata or Excel. I have used Microsoft Excel to plot the lines and find the equation of best fit. The graph and equation are shown below in the image attached with:
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Answer:
5.
Step-by-step explanation:
==>>We would have to multiply the original amount by 1.50^x because the initial amount would be 1, and 50% increase would be .5 so 1.5 and you raise it to the number of years to show the total increase.
- Let's test it
Initial: 10,000
After 1 year
10,000 + (.5*10000)
10,000 + 5000 = 15,000
--
After 2 years
15,000 + (.5*15000)
15,000 + 7500 = 22,500
--
Let's try our equation.
*Edit: I just seen that the question is related to the picture question