For Sarah's charity event selling raffle tickets, we can set up the axes for the graph as follows:
X-axis:
- Label: "Number of Tickets Sold (x)"
- This axis will represent the variable \(x\), indicating how many raffle tickets Sarah sells.
Y-axis:
- Label: "Total Amount Earned (y) in Dollars"
- This axis will represent the variable \(y\), indicating the total amount of money Sarah makes from selling the tickets.
The relationship between the number of tickets sold and the total amount earned is represented by the equation \(y = 4x\), where each ticket sold adds $4 to the total earnings.