2. Section 4.2
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Example Equation: y=-12.5x+35
Price($) | 2.30 | 0.60 | 1.30 | 1.50 | 1.70 | 1.00 |
---|---|---|---|---|---|---|
#Unpopped | 4 | 30 | 17 | 21 | 15 | 20 |
Let's start by plotting the points.
Recall that the line of best fit does not necessarily need to pass through the points, it just needs to represent the behavior of the data we have. We can choose two convenient points lying on the grid — let's use (0,35) and (2.40,5). Notice that there are infinitely many possible correct solutions, and this is just one possibility.
Substitute ( 2.4,5) & ( 0,35)
Subtract terms
Calculate quotient
x= 1.19
Multiply
Add terms