costumers:54| 46| 34| 67| 52| 22| 49| 64| 55| 80| 38| 42|tips:$92| $80| $76| $121| $109| $43 |$87 | $114|$99| $174| $88| $91|.Find the equation of the trend line

costumers54 46 34 67 52 22 49 64 55 80 38 42tips92 80 76 121 109 43 87 11499 174 88 91Find the equation of the trend line class=

Respuesta :

To fidn the euatio of the trend line:

1. Identify two points (x,y) in the line:

(30, 25) and (120,60)

2. Find the slope m:

Formula to find the slope:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

For the trend line:

[tex]m=\frac{60-25}{120-30}=\frac{35}{90}=\frac{7}{18}[/tex]

3. Find the y-intercept b:

Use the value of the slope and one point in the from y=mx+b:

(30,25) x= 30, y=25

m=7/18

[tex]\begin{gathered} 25=\frac{7}{18}(30)+b \\ \\ 25=\frac{210}{18}+b \\ \\ 25-\frac{210}{18}=b \\ \\ \frac{450-210}{18}=b \\ \\ \frac{240}{18}=b \\ \\ \frac{40}{3}=b \end{gathered}[/tex]

4. Write the equation with the values of m and b you find:

[tex]\begin{gathered} y=\frac{7}{18}x+\frac{40}{3} \\ \\ \end{gathered}[/tex]

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