Question 1128014
The problem gives us two ordered pairs, (32,000 , $98,000) and (38,000 , $121,500
With this information we can establish the folowing equations:
m = (y2 - y1)/(x2 - x1)
y = mx + b
Slope m = (P2 - P1)/(S2 - S1) = ($117,500 - $98,000)/(38,000 - 32,000) = $19,500 / 6,000 = $47 / 12