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Solve the Problem Find the Slope of the Line of Best Fit for Employees

Question 96

Essay

Solve the problem.
-The following data represents the number of employees at a company at the start of each year since the company
began.  month 1234567 number 317240357182310611194\begin{array} { l | l c c c c c c } \text { month } & 1 & 2 & 3 & 4 & 5 & 6 & 7 \\\hline \text { number } & 3 & 172 & 403 & 571 & 823 & 1061 & 1194\end{array} Find the slope of the line of best fit for the data set and interpret it.

Correct Answer:

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The slope is about 206.1 which...

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