SOLUTION: A bike maker measures its profits each year as a function of the number of bicycles it sells. Use the data given to find a linear equation for the profits (p) as a function of numb

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A bike maker measures its profits each year as a function of the number of bicycles it sells. Use the data given to find a linear equation for the profits (p) as a function of numb      Log On


   

Question 1045310: A bike maker measures its profits each year as a function of the number of bicycles it sells. Use the data given to find a linear equation for the profits (p) as a function of number of bikes sold (b).
Year 2007 2008 2009 2010 2011
# bikes sold 800 500 600 1100 1400
Profit $$ $1000 $250 $550 $1800 $2400
A) Function:
B) What are the slope and y-intercept?
C) What does the y-intercept "mean" in the real world?
D) what does the slope "mean" in the real world
Answer by advanced_Learner(501) About Me  (Show Source):