Math Problem Statement
The sales of a small company were $45 comma 000 in its fourth year of operation and $65 comma 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 $120 comma 000
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Equations
Slope
Y-intercept
Formulas
Slope formula
Linear equation form: y = mx + b
Theorems
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Suitable Grade Level
Grades 9-12
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