A large company made $6,439,583 last year. What is the value of the 9 in $6,439,583?
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Based on the table, the equation of the line of best fit to the nearest thousandths is equal to y = 1.671x + 4.699.
<h3>How to determine the equation of the line of best fit?</h3>Mathematically, the equation of the line of best fit is calculated by using this formula:
y = mx + c
<u>Where:</u>
- m is the slope.
- c is the intercept.
Based on the table, the slope and intercept to the nearest thousandths are equal to 1.671 and 4.699 respectively.
Therefore, the equation of the line of best fit is equal to y = 1.671x + 4.699.
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