The table on the items produced by this company and the profits derived from these goods shows that the best model is y = -1.026x² + 1,016.402x - 162,075.
<h3>Which model best represents the data?</h3><h3 />Find out the best model by testing all models assuming a given value of x. The model that gives a y value closest to the actual value is the best model.
Assuming x is 100:
= -1.026x² + 1,016.402x - 162,075
= (-1.026 x 100²) + (1,016.402 x 100) - 162,075
= -$70,694.80
Second model:
= -1.036x² + 1024.771x - 163710
= (-1.036 x 100²) + 1024.771 x 100 - 163710
= -$71,593
Third model:
= 298.214x - 66317.667
= 298.214 x 100 - 66317.667
= -$36,496.27
Fourth model:
= 196.2x - 18710
= 196.2 x 100 - 18,710
= $910
The best model is therefore the first model which shows the closest value to the actual y value of -$70,500 when x is 100.
Find out more on fitting models at brainly.com/question/2564940.
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