20.
(05.07 MC)

A scatter plot is made to model the amount of money left to pay on a mortgage. The data used for the scatter plot are shown in the table:

Number of Months 3 5 1 2 0 4
Money Owed $114,000 $100,000 $118,000 $116,000 $120,000 $112,000


What does the y-intercept of the model represent? (1 point)

The amount of the mortgage that has been paid that month

The monthly payments

The original amount of the mortgage

The number of months it takes to pay off the mortgage

Respuesta :

Option third "The original amount of the mortgage" is correct because every month that passes, the amount left to pay decreases.

What is the line of best fit?

A mathematical notion called the line of the best fit connects points spread throughout a graph. It's a type of linear regression that uses scatter data to figure out the best way to define the dots' relationship.

[tex]\rm m = \dfrac{n\sum xy-\sum x \sum y}{n\sum x^2 - (\sum x)^2}[/tex]

[tex]\rm c = \dfrac{\sum y -m \sum x}{n}[/tex]

As we know the line of best is represented by:

y = mx + c

Here m is the slope and c is the y-intercept.

A scatter plot is made to model the amount of money left to pay on a mortgage.

Every month that passes, the amount left to pay decreases.

Plug x = 0 to get the y-intercept

y = c

The y-intercept representing the original amount of the mortgage.

Thus, option third "The original amount of the mortgage" is correct because every month that passes, the amount left to pay decreases.

Learn more about the line of best fit here:

brainly.com/question/14279419

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