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Lerok [7]
3 years ago
5

Determine the equation for the line of best fit to represent the data.

Mathematics
1 answer:
ki77a [65]3 years ago
7 0

Answer:

y equals three sevenths times x plus 3

Step-by-step explanation:

Given the information:

  • points going up from about zero comma negative 3

<=> Let A (x1, y1) =  (0, -3)

  • to the right to about 7 comma zero

<=> Let B (x2, y2) = (7, 0)

As we know, the line of best fit is a linear equation that represent the data with the standard form:

y = mx + b where:

  • m is the slope
  • b is the the y-intercept when x = 0

For a line that goes trough the points (x1, y1) and (x2, y2), the slope is

m = \frac{y2-y1}{x2-x1}

In this situation, we have:

m = \frac{0-(-3)}{7-0} = \frac{3}{7}  

=> y = \frac{-3}{7}  x + b.

Because the line goes through A (0, 3)

=> 3 = \frac{3}{7}  *0 + b

<=> b =3

=> y = \frac{3}{7}  x +  3

So we choose y equals three sevenths times x plus 3

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A family wants to purchase a house that costs ​$145,000. They plan to take out a ​$115,000 mortgage on the house and put ​$30,00
AysviL [449]

Answer:

A. 15-year mortgage =$141,478.20

30-year mortgage =$187,707.60

B. $46,229.40

Step-by-step explanation:

A. Calculation to Determine the amount they would save on the cost of the house if they selected the 15-year mortgage rather than the​ 30-year mortgage.

Calculation for 15-year mortgage

Cost amount to save for 15-year mortgage=$785.99*15-year*12 months

Cost amount to save for 15-year mortgage =$141,478.20

Calculation for 30-year mortgage

Cost amount to save for 30-year mortgage =$521.41*30-year*12 months

Cost amount to save for 30-year mortgage =$187,707.60

B. Calculation for How much would they save if they selected the​ 15-year mortgage

Using this formula

Amount to save=30-year mortgage -15-year mortgage

Let plug in the formula

Amount to save=$187,707.60-$141,478.20

Amount to save=$46,229.40

Therefore How much would they save if they selected the​ 15-year mortgage will be $46,229.40

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