an equation for the line of the best fit graph could be: y=1/4x+3 what does the slope 1/4 mean in context? what does the y intercept (0, 3) mean in context? answer choices: there is an increase of 1 million in revenue for every 4 units sold when 0 units are sold, the revenue is 3 million when 3 units are sold, the revenue is 0 million there is an increase of 4 million in revenue for every 1 unit sold use only the anwer choices and be correct

answer both 2 questions

1 answer

The slope of 1/4 means that for every unit increase in the x-variable (units sold), the y-variable (revenue) increases by 1/4.

Thus, the correct choice for the meaning of the slope is: "There is an increase of 1 million in revenue for every 4 units sold."

The y-intercept (0, 3) represents the point where the line intersects the y-axis.

Thus, the correct choice for the meaning of the y-intercept is: "When 0 units are sold, the revenue is 3 million."
Similar Questions
  1. The equation of Line 1: 4x-2y=16The equation of Line 2: y=-4/5x+2 The equation of Line 3: y-4=3(x+5) Which statement is true?
    1. answers icon 1 answer
  2. the equation of line 1: 2x -4y =16the equation of line 2: y= =3/4x -3 the equation of line 3: y-5=-2(x+1) which statement is
    1. answers icon 3 answers
  3. The equation of Line 1: 2x−4y=16The equation of Line 2: y=−34x−3 The equation of Line 3: y−5=−2(x+1) Which statement
    1. answers icon 1 answer
    1. answers icon 1 answer
more similar questions