Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Our Q&A platform provides quick and trustworthy answers to your questions from experienced professionals in different areas of expertise. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
It is found that Linear Equation: P = 0.008T + 0.13 and Price of stamp in 2015 = $0.45
What is a linear equation?
A linear equation is an equation that has the variable of the highest power of 1. The standard form of a linear equation is of the form Ax + B = 0.
From 1975 to 2005, 30 years, the price increased from 0.13 to 0.37.
This means the rate of change (slope) = 0.24/30 = 0.008
This means Price changed (increased) by $0.008 per year.
Slope = 0.008
The y-intercept (P) is at the starting point which is at T = 1975; the price was 0.13. Hence y-intercept is 0.13
The equation of a line is given as;
P = mT + b
Where m is the slope and b is the y-intercept.
Now, we can write the linear model equation as;
P = 0.008T + 0.13
Then to find the price of stamp in 2015, we see that this is 40 years later after 1975. So we plug in 40 into T in the equation found above;
P = 0.008(40) + 0.13
P = $0.45
Learn more about linear equations;
https://brainly.com/question/10413253
#SPJ4
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.
