1) The slope of 14 means that for every increase of one unit sold, the revenue increases by 14 million.
2) The y-intercept (0, 3) means that even if no units are sold, there would still be a revenue of 3 million.
*The y-axis is revenue in millions and the x-axis is units sold.
An equation for the line of best fit of the graph below could be: y=14x+3
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1) What does the slope of 14
mean in context? Response area
2) What does the y-intercept (0, 3) mean in context? Response area
1 answer