The sales of a small company were $25,000 in its second year of operation and $55,000 in its fifth year. Let y represent sales in the xth year of operation. Assume that the data can be approximated by a straight line. a) Find the slope of the sales line, and give an equation for the line in the form y=mx+b. b) Use your answer from part (b) to find out how many years must pass before the sales surpass $120,000. (a) The slope is and the equation is y=x+ (Type integers or decimals) CITE

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 8T
icon
Related questions
Question
The sales of a small company were $25,000 in its second year of operation and $55,000 in its fifth year. Let y represent sales in the xth year of operation. Assume that the data can be approximated by a straight line.
(a) Find the slope of the sales line, and give an equation for the line in the form y = mx + b.
(b) Use your answer from part (b) to find out how many years must pass before the sales surpass $120,000.
(a) The slope is and the equation is y=x+
(Type integers or decimals.)
an example
Get more help -
B
Q Search
J
TEE
CO
O
P
Transcribed Image Text:The sales of a small company were $25,000 in its second year of operation and $55,000 in its fifth year. Let y represent sales in the xth year of operation. Assume that the data can be approximated by a straight line. (a) Find the slope of the sales line, and give an equation for the line in the form y = mx + b. (b) Use your answer from part (b) to find out how many years must pass before the sales surpass $120,000. (a) The slope is and the equation is y=x+ (Type integers or decimals.) an example Get more help - B Q Search J TEE CO O P
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 7 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell