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

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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