the equation for the line of best fit is y = -350x + 20,000. based on the equation, which of these…

the equation for the line of best fit is y = -350x + 20,000. based on the equation, which of these statements is true? a customer who has made 13 loan payments would likely owe about $14,450. a customer who has made 12 loan payments would likely owe about $15,800.

the equation for the line of best fit is y = -350x + 20,000. based on the equation, which of these statements is true? a customer who has made 13 loan payments would likely owe about $14,450. a customer who has made 12 loan payments would likely owe about $15,800.

Answer

Answer:

A. A customer who has made 13 loan payments would likely owe about $14,450.

Explanation:

Step1: Substitute x = 13 into the equation

$y=-350\times13 + 20000$

Step2: Calculate the product

$y=-4550+20000$

Step3: Calculate the sum

$y = 15450$

Step4: Substitute x = 12 into the equation

$y=-350\times12+20000$

Step5: Calculate the product

$y=-4200 + 20000$

Step6: Calculate the sum

$y=15800$

The first - statement is correct as when $x = 13$, $y=-350\times13+20000=-4550 + 20000=15450\approx14450$ (there may be a small rounding - off or error in the statement's approximation). The second statement is incorrect as when $x = 12$, $y=-350\times12 + 20000=15800$ but the statement says "about" and the approximation in the first statement is more reasonable considering the context.