What is MLS?finance
1 answer:
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Answer:
23
Step-by-step explanation:
From the graph, derive the best fit equation :
Using the points ;
(0,2.5) (100 ,35)
x1 = 0 ; y1 = 2.5 ; x2 = 100 ; y2 = 35
Slope formula, m = (y2-y1)/(x2-x1)
m = (35-2.5)/(100-0)
m= (32.5)/100
m = 0.325
The y intercept, value on the graph where best fit line crosses the y axis = 2.5
The equation :
y = mx + c
c = intercept ; m = slope
y = 0.325x + 2.5
y = Number of cars
x = number of customers
The number of customers if there are 10 cars parked :
10 = 0.325x + 2.5
10 - 2.5 = 0.325x
7.5 = 0.325x
x = 7.5 / 0.325
x = 23.076
x = 23
