What is the best fit equation for the trend line in the scatter plot?
1 answer:
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Answer:
$68.44 for each additional belt
Step-by-step explanation:
The cost and revenue functions are:
The profit function, P(x), is given by subtracting the cost function from the revenue function.
The derivate of the profit function gives us the rate at which profit changes:
For x = 484, the rate of change is:
Profit is increasing by $68.44 for each additional belt