Use the data given below to answer the following question(s).
The table below shows the industrial lathe sales from the years 2000-2005.The forecaster uses the regression method to determine the forecast for the future.
-For the data given above,determine the regression equation.
A)y = 377.14x + 3,813.33
B)y = 3,813.33x + 377.14
C)y = 3,813.33x - 377.14
D)y = 377.14x - 3,813.33

Question

Use the data given below to answer the following question(s).
The table below shows the industrial lathe sales from the years 2000-2005.The forecaster uses the regression method to determine the forecast for the future. 
-For the data given above,determine the regression equation.
A)y = 377.14x + 3,813.33 
B)y = 3,813.33x + 377.14 
C)y = 3,813.33x - 377.14 
D)y = 377.14x - 3,813.33

Quizplus · Accepted Answer

The correct regression equation typically follows the form y = mx + b, where m is the slope of the line and b is the y-intercept. Choice A correctly places the larger number as the y-intercept and the smaller number as the slope, which is a common format for linear regression equations when dealing with typical data ranges.

Use the Data Given Below to Answer the Following Question(s)