document.write( "Question 183218: This problem has more than one part, please HELP ME put it all together.?
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document.write( "The price of unleaded regular gasoline varies with the price per barrel of oil on the world market. When oil was selling for $30 per barrel I paid $1.25 per gallon for gasoline. When oil was selling for $140 per barrel, I paid $4.00 for a gallon of gasoline. I have to make a table showing the above data for gasoline and oil prices. Then, I have to construct a graph with oil price per barrel on the horizontal axis and the price per gallon of gasoline on the vertical axis, then plot the two points given and draw a line connecting the two points and extending over the range of $0 to $150 for the price of a barrel of oil, and find the slope of the line, then find the “y” intercept for the line (the point where oil is $0.00 per barrel) and finally write the equation of the line. Assuming that the relationship is linear, I have to calculate the price for a gallon of gasoline when the oil price reaches $39.34 per barrel. How does this compare to the price you are paying today?\r
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Algebra.Com's Answer #137565 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! Let x=price per barrel of oil and y=price per gallon of gasoline\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "First translation: \"When oil was selling for $30 per barrel I paid $1.25 per gallon for gasoline\" means that when \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Second translation: \"When oil was selling for $140 per barrel, I paid $4.00 for a gallon of gasoline\" means that when \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So here's the table of the two ordered pairs (points) \n" ); document.write( "
\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now set up the axis (with the proper ranges and labels)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Plot the two points\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Draw a line through the points (in blue)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-----------------------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now let's find the equation of the line that goes through the points (130,1.25) and (140,4)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "First let's find the slope of the line through the points (130,1.25) and (140,4)\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Note: \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the slope of the line that goes through the points (130,1.25) and (140,4) is \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Now let's use the point slope formula:\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So the equation that goes through the points (130,1.25) and (140,4) is \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The equation is now in slope intercept form \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Note:\r \n" ); document.write( "\n" ); document.write( "Since the slope is \n" ); document.write( "\n" ); document.write( "Also, the y-intercept is the value when the price of oil is $0 per barrel. So if the price per barrel is $0, then the price of gas is -34.50 dollars. \r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "-------------------------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "\"Assuming that the relationship is linear, I have to calculate the price for a gallon of gasoline when the oil price reaches $39.34 per barrel\"\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "In this case, we want to know \"y\" when \"x\" is equal to 39.34. So simply plug in \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So when the price of oil is $39.34 a barrel, the price of gas will be about -23.68 dollars a barrel.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Note: the relationship between the price of oil and the price of gas is a little more complex than just a simple linear relationship (since there are more factors involved). \n" ); document.write( " |