Math Problem Statement
The sales of a small company were $46,000 in its third year of operation and $88,000 in its sixth year. Let y represent sales in the xth year of operation. Assume that the data can be approximated by a straight line. (a) Find the slope of the sales line, and give an equation for the line in the form y equals mx plus b. (b) Use your answer from part (b) to find out how many years must pass before the sales surpass $110 comma 000.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Equations
Slope-Intercept Form
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Equation of a line: y = mx + b
Theorems
Slope-Intercept Theorem
Suitable Grade Level
Grades 9-10