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Solve the Problem Find the Slope of the Line of Best Fit for Money

Question 160

Essay

Solve the problem.
-The following data represents the amount of money Tom is saving each month since he graduated from college.  month 1234567 savings $52$70$81$91$102$118$132\begin{array} { l | c c c c c c c } \text { month } & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { savings } & \$ 52 & \$ 70 & \$ 81 & \$ 91 & \$ 102 & \$ 118 & \$ 132\end{array} Find the slope of the line of best fit for the data set and interpret it.

Correct Answer:

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The slope is 12.75 w...

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