Answer:
y= 48 + 0.1x
x= miles driven
Step-by-step explanation:
<u>We need to calculate the fixed and variable cost (per mile) of renting a car. To do that, we will use the high-low method:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (65 - 58) / (170 - 100)
Variable cost per unit= $0.1 per mile
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 65 - (0.1*170)
Fixed costs= $48
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 58 - (0.1*100)
Fixed costs= $48
y= 48 + 0.1x
x= miles driven
Since the slope is rise/run, 1/6 goes up one, right 6. Perpendicular is opposite that. so a slope of -6 goes down 6 and right 1. (as a fraction it's -6/1)
75,314 because it is only 5 numbers so this is correct.
Price of boots is represented as x, price of tennis shoes is represented as y.
x-y=44.38
x+y=196.12
Isolate x. (Or y, if you wanted to)
x=y+44.38
x=196.12-y
Set them equal to each other.
y+44.38=196.12-y
Solve for y. Then plug it in to either of the two original equations to find x.
x=120.24
y=75.86
Note: This is assuming that the boots are more expensive than the tennis shoes. If the tennis shoes are more expensive than the boots, then the prices would be switched. I didn't find this clear in your question.
