Brian P.

asked • 10/31/20

Word Problem using Standard Form. How?

Tim makes some great investments. He starts with an initial investment of $7,000 and it grows as follows: (Please note that the domain is the year and the range is value of his account in thousands of dollars.)
 0, 5 
1, 9 
2, 12 
3, 14 
4, 19
 Find the line of best fit to the nearest hundredth. 
Leave your answer in the form of: F(x) = ax + bx + c 
Selected Answer: IncorrectB. 0.06x2 + 3.89x + 4.55 
Correct Answer: CorrectC. 0.07x2 + 3.01x + 5.34 


1 Expert Answer

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Shannon T. answered • 10/31/20

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Brian P.

This is an issue I keep running into. I am taking a state licensure test where I am told on the website that no calculators are permitted. I need to answer these types of questions (regardless of amount of work needed (they give you over 4 hours, so plenty of time for Math), realizing it could be plentiful with finding sums and means of x and y, raw scores, sums of squares blah blah. I don't need the work, just the steps of how to at least estimate the answer from 4 choices. Does it have something to do with finding the type of function? Is it quadratic? Is that some starting point or I am I way off?
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10/31/20

Shannon T.

It is definitely quadratic. I assumed you had a typo in the problem, but the form you are given in that last part - "leave your answer in the form..." - will tell you what type of function you are looking for. Without a calculator, it will really be a guess and check endeavor.
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10/31/20

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