Which of the following situations could have a regression line with a negative y-intercept? Select all that apply.
4
Select all that apply:
The profit (sales price minus cost) made selling a unit in terms of number of units produced.
The amount of oil in an oil field as a function of the number of years the oil field has been in production.
The value of a Fortune-500 company, founded in the year 1990, as a function of the number of years after the
year 2010.
The value of a rail locomotive as a function of the number of years since it was put into service.

Question

13-12-2022
Mathematics

Answered

Which of the following situations could have a regression line with a negative y-intercept? Select all that apply.
4
Select all that apply:
The profit (sales price minus cost) made selling a unit in terms of number of units produced.
The amount of oil in an oil field as a function of the number of years the oil field has been in production.
The value of a Fortune-500 company, founded in the year 1990, as a function of the number of years after the
year 2010.
The value of a rail locomotive as a function of the number of years since it was put into service.

Answer :

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deexxxbaby deexxxbaby · Answer 1 · 2022-12-17T15:03:02-05:00

Answer:

The profit (sales price minus cost) made selling a unit in terms of number of units produced.

The value of a Fortune-500 company, founded in the year 1990, as a function of the number of years after the year 2010.

Step-by-step explanation:

The profit (sales price minus cost) made selling a unit in terms of number of units produced.

The value of a Fortune-500 company, founded in the year 1990, as a function of the number of years after the year 2010.

The y-intercept is a measure of the data when the independent variable is zero. The y-intercept can be negative only if the dependent variable is negative, such as in a value or an amount.

The profit (sales price minus expenses) made selling a unit in terms of number of units produced will be negative if no units are produced due to overhead costs.