The average profit/loss of a company (in thousands of dollars) was documented for 30 months. The 6th month showed a loss of $1000, however the 24th month showed a profit of $8000. Assuming the profit/loss is linear, write the equation of the line, in slope-intercept form, that represents the profit/loss for each month x. Use this result to predict the profit/loss after 60 months. Hint: Use the ordered pairs (6, - 1) and (24,8). The equation of the line in slope-intercept form is y =7x-4 (Type an equation using x and y as the variable. Type your answer in slope-intercept form. Use integers or fractions for any numbers in the equation.) There would be a V of $ after 60 months. loss profit

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
icon
Related questions
Question

I need help solving the second part of this problem:

 

The average profit/loss of a company (in thousands of dollars) was documented for 30 months. The 6th month showed a loss of $1000, however the 24th month showed a profit of $8000. Assuming the profit/loss is
linear, write the equation of the line, in slope-intercept form, that represents the profit/loss for each month x. Use this result to predict the profit/loss after 60 months.
Hint: Use the ordered pairs (6, – 1) and (24,8).
.....
1
The equation of the line in slope-intercept form is y=7x-4.
(Type an equation using x and y as the variable. Type your answer in slope-intercept form. Use integers or fractions for any numbers in the equation.)
There would be a
V of $
after 60 months.
loss
profit
Transcribed Image Text:The average profit/loss of a company (in thousands of dollars) was documented for 30 months. The 6th month showed a loss of $1000, however the 24th month showed a profit of $8000. Assuming the profit/loss is linear, write the equation of the line, in slope-intercept form, that represents the profit/loss for each month x. Use this result to predict the profit/loss after 60 months. Hint: Use the ordered pairs (6, – 1) and (24,8). ..... 1 The equation of the line in slope-intercept form is y=7x-4. (Type an equation using x and y as the variable. Type your answer in slope-intercept form. Use integers or fractions for any numbers in the equation.) There would be a V of $ after 60 months. loss profit
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education