Math Problem Statement
Solution
The problem is asking for a linear equation that models the relationship between the price of a device and the number of devices sold per month. Let's break it down step by step.
Information Given:
- At a price of $5, the company sells 1050 devices per month.
- At a price of $9, the company sells 900 devices per month.
- The relationship between price and sales is linear.
We need to find the number of devices sold when the price is $12.
Step 1: Write the relationship as a linear equation
Let represent the price of the device, and represent the number of devices sold per month. Since the relationship is linear, we can model it with a line: where is the slope and is the y-intercept.
Step 2: Calculate the slope
We are given two points:
- — when the price is $5, the company sells 1050 devices.
- — when the price is $9, the company sells 900 devices.
The slope is calculated using the formula for the slope of a line: So, .
Step 3: Find the y-intercept
Now, use one of the points, say , and substitute it into the equation to solve for :
Step 4: Write the equation
The linear equation that models the number of devices sold is:
Step 5: Calculate sales when the price is $12
Substitute into the equation:
Step 6: Round to the nearest whole number
The number of devices sold when the price is $12 is approximately 788.
Thus, the correct answer is:
Would you like more details or have any further questions? Here are some related questions to expand on this problem:
- What would happen if the price increased to $15? How many devices would be sold?
- How would the equation change if the relationship between price and sales were not linear?
- How can you interpret the slope of -37.5 in terms of the company's pricing strategy?
- What is the significance of the y-intercept in this model?
- Can you think of other factors besides price that could influence the number of devices sold?
Tip: When dealing with linear models, the slope represents the rate of change between the two variables. In this case, for every $1 increase in price, 37.5 fewer devices are sold.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Equations
Algebra
Slope-Intercept Form
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Slope-intercept form: y = mx + b
Theorems
Slope of a Line
Linear Equation
Suitable Grade Level
Grades 9-11