Question

Chose two points that you feel would be on the best fit line and determine the equation of that best fit line.

a) What is the Slope? Write a statement about what that means in the context of this problem.

Answer 1

To find the equation of the best fit line, you need to choose two points and find the slope. The slope represents the rate of change between the x and y values.

Step-by-step explanation:

In order to find the equation of the best fit line, you need to choose two points on the line. Let's say we choose the points (6.4, 2000) and (0.50, 525). Now, we can find the slope of the line using the formula: slope = (Y₂ - Y₁) / (X₂ - X₁). Substituting the values, we get: slope = (2000 - 525) / (6.4 - 0.50) = 271.49.

The slope of the line represents the rate of change between the x and y values. In the context of this problem, it means that for every 1 unit increase in the x-value, the y-value increases by approximately 271.49 units.