Ruby's Market sells smoked Meats by the pound. Beef $ 4.25, Chicken $ 2.50, Sausage $ 3.25 Turkey $ 2.85
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The line of the best fit is y = 2100x -4166040 and the number of bottles is, 86460 which expect to sell in 2025
<h3>What is the line of best fit?</h3>A mathematical notion called the line of the best fit connects points spread throughout a graph. It's a type of linear regression that uses scatter data to figure out the best way to define the dots' relationship.
We have data shown in the table:
To find the line of best fit, we will calculate its slope and y-intercept.
We know the slope is given by:
where n = 5
After calculating, we get,
and
m = 105000/50 = 2100
For y-intercept b:
After calculating:
b = -4166040
The line becomes:
y = 2100x -4166040
If x = 2025 put this value in the line, we get:
y = 86460
Thus, the line of the best fit is y = 2100x -4166040 and the number of bottles is, 86460 which expect to sell in 2025
Learn more about the line of best fit here:
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