The slope of the line is 0.34, which means that the price of the bear increase by $0.34 each year.
What is an equation?
An equation is an expression that shows the relationship between two or more variables and numbers.
Let y represent the cost per pound of the gummy bears and x represent the years after 2000.
a) In 2000, Carl’s Candy Shop sold gummy bears for $0.38 per pound, that is (0, 0.38) while in 2008 they cost $0.72 per pound that is (8, 0.72). Hence:
y - 0.38 = [(0.72 - 0.38) / (8 - 0)](x -0)
y = 0.0425x + 0.38
b) The slope of the line is 0.0425, which means that the price of the bear increase by $0.0425 each year.
c) in 2003, x = 3, hence:
y = 0.0425(3) + 0.38 = 0.5075
d) for y = 0.66
0.66 = 0.0425x + 0.38
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