Multiple Choice
Alex, a manager at Symbic Inc., plotted the company's total energy costs of 1 billion dollars over the past 10 years on a chart. The chart suggested that the energy costs appear to be increasing in a fairly predictable linear fashion and that the energy costs are related to time by a linear function Y t =3+5t, where Y trepresents the estimate of the energy cost in year t. Given the equation, which of the following is the value of the intercept of the straight line that best fits the time series?
A) 1
B) 3
C) 5
D) 10
Correct Answer:
Verified
Correct Answer:
Verified
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