Question

{30 POINTS} The scatter plot below shows the profit earned each month by a new company over the first year of operation. The owner writes a line of best fit equation, shown below, to model the relationship between profit earned and month. y = 2,500x - 2,500 Explain how you know that the line of best fit equation is appropriate, mentioning both the slope and y-intercept in your response.

Answer 1

We are given with the best fit line
y = 2,500x - 2,500

The y-intercept is -2500
and the slope is 2500

This line can be translated into the following statements:
At the start of the operations, there is a negative profit of -2500. Each year, the profit increases by 2500

Answer 2

here is your solution