Solved

The Following Data Shows the Age and Income for a Small

Question 102

Multiple Choice

The following data shows the age and income for a small number of people.  Age (years)  2432395460 Incomes ($)  30,00034,00053,00072,00090,000\begin{array} { c l l l l l } \text { Age (years) } & 24 & 32 & 39 & 54 & 60 \\\text { Incomes (\$) } & 30,000 & 34,000 & 53,000 & 72,000 & 90,000\end{array} Find the best fit straight line of this data, rounding coefficients and constants to the nearest whole number. Let x represent age and y represent income.


A) y = 1,666x - 13,842
B) y = 4,012x - 13,837
C) y = 3,288x - 13,849
D) None of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions