Exercise
Real-World Applications: Business & Sales
Use lines of best fit and linear models to analyze business data and sales trends. Solve real-world contextual problems using trend line equations.
Questions
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MultiChoice
An ice cream shop models daily revenue y = 12x - 200 (x = daily high temp in °F, y = dollars). What is slope 12?
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MultiChoice
In the ice cream model y = 12x - 200, what does -200 represent?
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MultiChoice
Predict daily revenue when high temperature reaches 85°F using y = 12x - 200.
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MultiChoice
What high temperature is needed to break even (y = 0 revenue) in y = 12x - 200?
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MultiChoice
A catering service models meal cost y = 25x + 150 (x = guests, y = total dollars). What is the baseline setup fee?
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MultiChoice
In y = 25x + 150, what is the cost per guest?
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MultiChoice
Calculate the total cost for 40 guests using y = 25x + 150.
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MultiChoice
A t-shirt printing company models profit y = 8x - 400 (x = shirts sold). How many shirts must be sold to cover costs (y = 0)?
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MultiChoice
In y = 8x - 400, what is the profit earned on each additional t-shirt sold?
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MultiChoice
What is the predicted profit if the company sells 150 t-shirts?
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MultiChoice
A food truck revenue model is y = 6.50x + 50. What is $6.50?
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MultiChoice
Using y = 6.50x + 50, what is expected revenue when selling 100 items?