The correct statement that represents the meaning of each part of the function \( y = 99x + 15 \) is:
y is the total cost, x is the number of months of service, $99 is the service charge per month, and $15 is the installation fee.
In this model:
- \( y \) represents the total cost after \( x \) months of service.
- The $15 represents the one-time installation fee.
- The \( 99 \) coefficient indicates that there is a monthly service charge of $99.
So the correct interpretation of the components is that \( y \) is the total cost, \( x \) is the number of months of service, $15 is the installation fee, and $99 is the monthly service charge.