00:01
Okay, so you want to determine a linear function that models the data, and they want you to use points 0, 24538, and 4, 29501 to graph f and a scatterplot of the data on the same coordinate axes.
00:26
So first we need to find the slope, which is a, so that's y2 minus y1 over x2 minus x1.
00:39
So 29501 minus 24538 is 4963 and then 4 minus 0 .0.
00:54
So this slope is 1240 .75.
01:00
So the equation y equals a x plus b is 1240 .75 x and then when x is 0, y is 24 538.
01:25
So here is the linear equation that will model it.
01:32
What does the slope of the graph indicate? so you are graphing cost in dollars versus years.
01:41
So it's the amount of cost that it raises every year.
01:47
So let's go ahead and graph this.
01:50
And then we will continue looking at part b.
01:53
And then this is the graph and the scatter diagram with the data.
01:59
While we're here, let's go ahead and do part c.
02:02
Use the linear regression feature to find the equation of best fit...