SOLUTION: A company discovers that to produce 960 (x value) new electronic parts, it will cost $83620 (y value). To produce 640 new electronic parts, it will cost $57380. Compute the slo

Question 856568: A company discovers that to produce 960 (x value) new electronic parts, it will cost $83620 (y value). To produce 640 new electronic parts, it will cost $57380.
Compute the slope of the costs to help you choose the correct statement below...
I just want to know how to set up the equation.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Use:
slope = ( change in y ) / ( change in x )
slope = ( 83620 - 57380 ) / ( 960 - 640 )
Note the slope is positive because as number of
parts increases, cost to make them increases

RELATED QUESTIONS
A company discovers that to produce x = 930 new electronic parts, it will cost y =... (answered by ikleyn)

a company discovers that there is a linear relationship between the number of parts... (answered by stanbon)

A company is planning to introduce a new product. The company estimates that $500 worth... (answered by cleomenius)

suppose you are the manage of a company. your company is going to manutacture a new... (answered by ankor@dixie-net.com)

A certain screw machine can produce a box of parts in 3.3h . A new machine is to be... (answered by Fombitz)

10. A new company is producing ant farms. They had a start-up fee of $200 and have... (answered by TimothyLamb)

it costs a company $30 to produce 2 widgets,$118 to produce 4 widgets,$766 to produce 10... (answered by lwsshak3)

Problem: In planning for a new item, a manufacturer assumes that the number of items... (answered by stanbon)