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
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,...
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I need help solving the second part of this problem:

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
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