SOLUTION: Do as indicated. See Example 12. (Objective 7) A party planner charges $7,775 for a formal party for 100 people and $4,025 for 50 people. Write an equation modeling this data. (L

Algebra ->  Finance -> SOLUTION: Do as indicated. See Example 12. (Objective 7) A party planner charges $7,775 for a formal party for 100 people and $4,025 for 50 people. Write an equation modeling this data. (L      Log On


   



Question 1164076: Do as indicated. See Example 12. (Objective 7)
A party planner charges $7,775 for a formal party for 100 people and $4,025 for 50 people.
Write an equation modeling this data. (Let x represent the number of people, and let y represent the total charge in dollars.)
y =

What does the slope represent in this model?
1.The slope represents the cost per person.
2.The slope represents the cost for a party of 0 people.
3.The slope represents the cost for a party of 50 people.
4.The slope represents the cost for a party of 100 people.
5.The slope represents the difference in cost between a party of 50 people and a party of 100 people

Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
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A party planner charges $7,775 for a formal party for 100 people and $4,025 for 50 people.
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Description gives two points of a line:
(100, 7775) and (50, 4025).


highlight%28y-4025=%28%287775-4025%29%2F%28100-50%29%29%28x-50%29%29
and you can figure out what to do from here,...