Question

An insurance company profits by collecting premiums at the beginning of each month but pays claims over the remainder of the month. The scatterplot of the profit in millions of dollars on certain days since May

st is shown in the graph along with a trend line. Which of the following statements is true regarding the trend line?
Choose 1 answer:
Choose 1 answer:
(Choice A) The profit by the end of May will be

million dollars.
A
The profit by the end of May will be

million dollars.
(Choice B) The profit decreases by approximately

million dollars every

days.
B
The profit decreases by approximately

million dollars every

days.
(Choice C) The profit decreases by approximately

million dollars every

days.
C
The profit decreases by approximately

million dollars every

days.
(Choice D) The profit is expected to decrease by

million dollars over the course of May.
D
The profit is expected to decrease by

million dollars over the course of May.
which is the true correct answer a b c or d

Answer 1

To accurately determine which choice is true regarding the trend line from the scatterplot, I would need to analyze the graph you mentioned. Unfortunately, I don't have access to visual data.

However, we can interpret the statements based on common trends observed in such scenarios:

1. **Choice A** likely suggests a specific profit value, but without data, we cannot validate it.
2. **Choices B and C** mention a decrease of "approximately X million dollars every Y days.” This seems to indicate a rate of decrease, which might be derived from the slope of the trend line.
3. **Choice D** claims an expected decrease over the entire month, which is also plausible if the trend line slopes downward.

If the trend line in the scatterplot shows a downward slope, then statements about decreases (Choices B, C, or D) could be true. If the slope is positive, then Choice A might hold.

To make a decision:
- If the trend is decreasing, it generally indicates that choices B, C, or D are more likely to be true.
- The exact appropriateness of these choices depends on the exact values and estimates taken from the trend line.

If you can supply the numerical values or any additional context, I could help you determine the correct answer more effectively.