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kupik [55]
3 years ago
13

This scatterplot and regression line below show the relationship between the average rent for a 1-bedroom apartment in New York

and the number of years after the year 2000. The fitted line has a y-intercept of 800. What is the best interpretation of this y-intercept?
Mathematics
1 answer:
mr Goodwill [35]3 years ago
6 0

Answer: That the average price of a 1-bedroom apartment in New York in the year 2000 was around $800.

Step-by-step explanation:

In this case, x represents the number of years after the year 2000.

Then we can think that x = 0, represents the year 2000 itself.

Now, remember that the y-intercept is the value of y when we have x = 0.

Then the y-intercept gives information about the average price of a 1-bedroom apartment in the year 2000.

The information that we can conclude with this is that the average price of a 1-bedroom apartment in New York in the year 2000 was around $800.

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A business owner opens one store in town A. The equation p(x) = 10,000(1.075) represents the anticipated profit after t years. T
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The rigth equation to anticipate the profit after t years is p(t) = 10,000 (1.075)^t

So, given that both store A and store B follow the same equations but t is different for them, you can right:

Store A: pA (t)  10,000 (1.075)^t

Store B: pB(t'): 10,000 (1.075)^t'

=> pA(t) / pB(t') = 1.075^t / 1.075^t'

=> pA(t) / pB(t') = 1.075 ^ (t - t')

And t - t' = 0.5 years

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Answer:

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When an account balance increases it means that it has been credited and when it decreases, it has been debited.

The beginning balance here is $0 and the closing balance is $15.

There were 2 transactions, one credit and one debit.

For the closing balance to be $15, the Credit amount must have been $15 more than the Debit amount.

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