In this scenario, the initial value and the rate of change can be understood in the context of a linear equation that describes the total cost for a person attending the festival and going on rides.
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Initial Value (b): The initial value represents the cost before any rides are taken. In this case, it is the entrance fee, which is $12. So, \[ b = 12 \]
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Rate of Change (m): The rate of change represents how much the total cost increases with each additional ride taken. Each ride ticket costs $2, so the rate of change is \[ m = 2 \]
Therefore, the answers are:
- The initial value is \( b = 12 \)
- The rate of change is \( m = 2 \)