Wait Staff Earnings 1,250 1,000 750 500 250 50 100 150 200 250 300 Number of Tables The graph above shows a line of best fit for data collected on the amount earned by waiters and waitresses last week in relation to the number of tables they served. What is the equation of the line of best fit? A.Y = 31 + 375 Amount Earned (in dollars)

Wait Staff Earnings 1,250 1,000 750 500 250 50 100 150 200 250 300 Number of Tables The graph above shows a line of best fit for data collected on the amount earned by waiters and waitresses last week in relation to the number of tables they served. What is the equation of the line of best fit? A.Y = 31 + 375 Amount Earned (in dollars)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter3: Straight Lines And Linear Functions

Section3.3: Modeling Data With Linear Functions

Problem 2E: Cost of Adding Employees The following table shows the cost, in millions of dollars, to Walmart of...

See similar textbooks

Similar questions

Demand for Candy Bars In this problem you will determine a linear demand equation that describes the demand for candy bars in your class. Survey your classmates to determine what price they would be willing to pay for a candy bar. Your survey form might look like the sample to the left. a Make a table of the number of respondents who answered yes at each price level. b Make a scatter plot of your data. c Find and graph the regression line y=mp+b, which gives the number of respondents y who would buy a candy bar if the price were p cents. This is the demand equation. Why is the slope m negative? d What is the p-intercept of the demand equation? What does this intercept tell you about pricing candy bars? Would you buy a candy bar from the vending machine in the hallway if the price is as indicated. Price Yes or No 50 75 1.00 1.25 1.50 1.75 2.00
The ordered pairs below give the median sales prices y (in thousands of dollars) of new homes sold in a neighborhood from 2009 through 2016. (2009, 179.4) (2011, 191.0) (2013, 202.6) (2015, 214.9) (2010, 185.4) (2012, 196.7) (2014, 208.7) (2016, 221.4) A linear model that approximates the data is y=5.96t+125.5,9t16, where t represents the year, with t=9 corresponding to 2009. Plot the actual data and the model on the same graph. How closely does the model represent the data?
Market supply The following table shows the quantity S of wheat, in billions of bushels, that wheat supplies are willing to produce in a year and offer for sale at a price P, in dollars per bushel. S = quantity of wheat P = price 1.0 1.35 1.5 2.40 2.0 3.45 2.5 4.50 In economics, it is customary to plot S on the horizontal axis and P on the vertical axis, so we will think of S as a variable and of P as a function of S. a. Show that these data can be modeled by a linear function, and find its formula. b. Make a graph of the linear formula you found in part a. This is called the market supply curve. c. Explain why the market supply curve should be increasing. Hint: Think about what should happen when the price increases. d. How much wheat would suppliers be willing to produce in a year and offer for sale at a price of 3.90 per bushel?
Cost of Adding Employees The following table shows the cost, in millions of dollars, to Walmart of adding the given number of employees to each of its superstores.14 E = number of new employees 1 2 3 4 C = cost 89.6 179.2 268.8 358.4 a. Find a linear model for the data in the table. b. Explain in practical terms the meaning of the slope of the linear model you found in part a.