Reminder Round all answer to two decimal places unless otherwise indicated.
Budget Constraints Your family likes to eat fruit, but because of budget constraints, you spend only
a. If you buy one more pound of apples, how much less money do you have available to spend on grapes? Then how many fewer pounds of grapes can you buy?
b. Use your answer to part a to find the slope of
c. To find the initial value of
d. Use your answer to parts
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Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
- Demand for Soft Drinks A convenience stores manager notices that sales of soft drinks are higher on hotter days, so he assembles the data in the table. a Make a scatter plot of the data. b Find and graph a linear function that models the data. c Use the model to predict soft drink sales if the temperature is 95. High temperature Number of cans sold 55 340 58 335 64 410 68 460 70 450 75 610 80 735 84 780arrow_forwardPrice of Amazons Kindle The following table shows the price of Amazons Kindle 2 e-book reader. It is adapted from data available on the web. Here time is measured in months since February 2009, when the Kindle was launched. Time Price 0 349 5 299 10 249 15 199 a. By calculating differences, show that these data can be modeled using a linear function. b. Find a linear formula that models these data. Be careful about the sign of the slope. c. What price does your formula from part b project for January 2012 35 months after the Kindle was launched? Note: The web data were the basis for speculation that some day the Kindle would be free.arrow_forwardWorking on a Commission A certain man works in sales and earns a base salary of 1000 per month plus 5 of his total sales for the month. a. Explain why his total monthly income I is a linear function of total sales S, both measured in dollars. b. How much does he earn if he sells 1600 in merchandise in a month? c. Write a formula that gives total monthly income as a linear function of sales in a month. d. What should his monthly total sales be if he wishes to earn 1350 this month?arrow_forward
- TEST YOUR UNDERSTADING FOR EXAMPLE 3.5 A donation to the university is required for the privilege of purchasing premium season football passes. The cost is a linear function of the number of season passes. It costs 8000 to get season passes for myself and my spouse. To get passes for my entire family of 5, it costs 17,000. Use a formula to express the total cost C, in dollars, of n season passes. EXAMPLE 3.5 CHANGING CELSIUS TO FAHRENHEIT Temperature F=F(C) in Fahrenheit is a linear function of the temperature C in Celsius. A lab assistant placed a Fahrenheit thermometer beside a Celsius thermometer and observed the following: When the Celsius thermometer reads 30 degree (C=30), the Fahrenheit thermometer reads 86 degrees (F=86). When the Celsius thermometer reads 40 degrees, the Fahrenheit thermometer reads 104 degrees. Part 1 Use a formula to express F as a linear function of C. Part 2 At sea level, water boils at 212 degrees Fahrenheit. What temperature in degrees Celsius makes water boil? Part 3 Explain in practical terms what the slope means in this setting.arrow_forwardAverage Cost The inventor of a new game believes that the variable cost for producing the game is $0.95 per unit and the fixed costs are $6000. The inventor sells each game for $1.69. Let x be the number of games produced. (a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C as a function of the number of games produced. (b) Write the average cost per unit C=Cx as a function of x.arrow_forwardTEST YOUR UNDERSTADING FOR EXAMPLE 3.3 The State of New York also has an income tax. The tax table for New York shows that a single New York resident with a taxable income of 15,000 owes 671 in New York income tax. If the taxable income is 15,500, then the table shows a tax liability of 701. Assume that the state tax is a linear function of taxable income, and find the tax owed if the taxable income is 15,350. EXAMPLE 3.3 OKLAHOMA INCOME TAX The amount of income tax T=T(l), in dollars, owed to the state of Oklahoma is a linear function of the taxable income l, in dollars, at least over a suitably restricted range of incomes. According to the Oklahoma Income Tax table for the year 2015, a single Oklahoma resident taxpayer with a taxable income of 15,000 owes 579 in Oklahoma income tax. In functional notation, this is T(15,000)=579. If the taxable income is 15,500, then the table shows a tax liability of 605. Part 1 Calculate the rate of change in T with respect to I, and explain in practical terms what it means. Part 2 How much does the taxpayer owe if the taxable income is 15,350?arrow_forward
- High School Graduates The following table shows the number, in millions, graduating from high school in the United States in the given year. Year Number graduating in millions 1985 2.83 1987 2.65 1989 2.47 1991 2.29 a. By calculating difference, show that these data can be modeled using a linear function. b. What is the slope for the linear function modeling high school graduations? Explain in practical terms the meaning of the slope. c. Find a formula for a linear function that models these data. d. Express, using functional notation, the number graduating from high school in 1994, and then use your formula from part c to calculate that value.arrow_forwardTuition at American Public Universities This is a continuation of Exercise 6. The following table shows the average yearly in-state tuition and required fees, in dollars, charged by four-year American public universities in the school year ending in the given year. Date Average tuition 2012 8318 2013 8595 2014 8872 2015 9149 2016 9426 a. Show that these data can be modeled by a linear function, and find its formula. b. What is the slope for the linear function modeling tuition and required fees for public universities? c. What is the slope of the linear function modeling tuition and required fees for private universities? Note: See Exercise 6. d. Explain what the information in parts b and c tells you about the rate of increase in tuition in public versus private institutions. e. Which type of institution shows the larger percentage increase from 2015 to 2016? 6. Tuition at American Private Universities The following table shows the average yearly tuition and required fees, in dollars, charged by four-year American private nonprofit universities in the school year ending in the given year. Date Average tuition 2012 27, 870 2013 29, 004 2014 30, 138 2015 31, 272 2016 32, 406 a. Show that these data can be modeled by a linear function, and find its formula. b. Plot the data points and add the graph of the linear formula you found in part a. c. What prediction does this formula give for average tuition and fees at four-year American private nonprofit universities for the academic year ending in 2021?arrow_forwardMaximizing revenue A seller of contemporary disks finds that he can sell (820x) desks each month when the price is x dollars. What price will maximize revenue?arrow_forward
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