Answer:
Step-by-step explanation:
Given that:
- x represents the number of months of ownership; and
- y represents the total paid for the car after ‘x' months.
<u>First Option (Leasing)</u>
250x - y + 4000 = 0
Expressing the equation in the Slope-Intercept Form y=mx+b, we have:
y=250x+4000
<u>Second Option (Financing)</u>
$400 for 0 months of ownership, (0,400), and $4400 for 10 months of ownership, (10, 4400).
First, we determine the slope of the line joining (0,400) and (10,4400)

We have:
y=400x+b
When y=400, x=0
400=400(0)+b
b=400
Therefore, the Slope-Intercept Form of the second option is:
y=400x+400
<u>Significance</u>
- In the first option, there is a down payment of $4000 and a monthly payment of $250.
- In the second option, there is a down payment of $400 and a monthly payment of $400.
<u>Part B</u>
We notice from the graph that after 24 months, the cost for leasing and financing becomes the same ($10,000). Therefore, a consumer will be better off financing since the downpayment for leasing is higher.
<u>i.e </u>
- When x=0, y=$4000 for leasing
- When x=0, y=$400 for financing
Answer:
The slope-intercept form is y = 7x + 3
Step-by-step explanation:
Remember: Perpendicular lines slope are negative reciprocals of each other.
y = -1/7x + 4.
Now you know the slope of the given line is -1/7.
So the slope of the perp line is 7/1 = 7 .
Use the given point (-1, -4) and the perp slope = 7 into y =mx + b and solve for "b".
y = mx + b
-4 = 7(-1) + b
-4 = -7 + b
-4 + 7 = b
3 = b
The slope-intercept form is y = 7x + 3
-7.08 as a fraction in simplest form would be -177/25
Total outcomes=6 i.e{1,2,3,4,5,6 }
No.of favourable outcomes = 3 i.e {I, 3,5}
P(odd)=3/6=1/2