Related questions with answers
The following situation can be modeled by linear functions. In the following case, draw a graph of the function and use the graph to answer the given question. Be sure you clearly identify the independent and dependent variables. Then briefly discuss whether a linear model is reasonable for the situation described. The cost of a particular private school includes a one-time initiation fee of , plus annual tuition of . How much will it cost to attend this school for years?
Solution
VerifiedWe can conclude that the annual tuition fee is the slope of the function and the initiation fee is the -intercept of the function. The equation for the given model would be
where is the total cost of attending the school which is a dependent variable and is the time in years which is an independent variable.
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