Math Problem Statement
What is the linear function in slop intercept form
Solution
The linear function in slope-intercept form is expressed as:
Where:
- is the slope of the line.
- is the y-intercept (the value of when ).
For the data provided, the linear function is:
This means that for each year after 2010, the airline revenue from add-on fees increases by approximately $4.31 billion, starting from a base of $27.74 billion in 2010.
Would you like to dive deeper into this topic or explore anything else?
Here are 5 related questions for further exploration:
- How do you find the slope of a line if only two points are given?
- What is the significance of the y-intercept in real-world scenarios?
- How would the function change if the revenue trend slowed down over time?
- Can you find the equation of a line given a point and a slope?
- What happens to the linear function if the data shows a decrease in revenue over time?
Tip: When modeling real-world data, consider if a linear trend continues indefinitely or if other factors might alter the trend.
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Slope-Intercept Form
Formulas
y = mx + b
Theorems
-
Suitable Grade Level
Grades 7-9