After six weeks of the coupon offer, the owner of the restaurant needs to decide if the restaurant should continue to run the same special or offer a new one. Use the provided scatter plot to write an equation for the line of best fit.
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The equation of the line of the best fit on the scatter plot is y = 150x + 598
From the line in the scatter plot, we have the following points
(x,y) = (3,1048) and (6,1498)
The equation is then calculated using:
[tex]y = \frac{y_2 -y_1}{x_2 -x_1} *(x - x_1) + y_2[/tex]
The equation becomes
[tex]y = \frac{1498 -1048}{6 - 3} *(x - 3) + 1048[/tex]
Evaluate
y = 150 *(x - 3) + 1048
Expand the bracket
y = 150x - 450 + 1048
Evaluate the sum
y = 150x + 598
Hence, the equation of the line of the best fit is y = 150x + 598
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