Linear Trend Equations in Business Scenarios
Not what you're looking for?
1. The linear trend equation: Y' = a + bt, where b is the slope and a is the y-intercept, is an example of a linear function.
A. Given that Y' = 1000, b = 10, what is the y-intercept when the independent variable time, t = 65?
B. What might be predicted when t = 24
C. We have another linear trend equation: W' = c + dt, where d is the slope and c is the y-intercept.
W' = 750 - 10t
Sketch these two linear lines, Y' and W', and find the intersecting point. Write this point as (t, Y').
D. Suppose Y' was a linear equation of your business' revenue, and W' was a linear equation of your business' operating expenses. What would be the significance of this intersecting point found in C. above?
Purchase this Solution
Solution Summary
Linear trend equation is demonstrated.
Solution Preview
A.
Y'=1000 and b=10 => using the linear trend equation
Y'=a+bt => a=Y'-bt => ...
Purchase this Solution
Free BrainMass Quizzes
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Graphs and Functions
This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.
Probability Quiz
Some questions on probability