Select the correct answer from each drop-down menu. the profit earned by a sporting goods outlet is modeled in the graph below,
where x is the number of years since the outlet opened. He recorded profit for the first ten years since the outlet opened. The domain represents the (cost per item, number of years, number of units) for which the outlet will earn a profit. The range of this function is (0,160000,80000 and 0,160000,80000). For this function, the range represents the outlets (number of years since opening,maximum profit, possible annual profits).
1 answer:
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Answer:
a. at zero years of education, income equals $1500
Step-by-step explanation:
The equation for income 'I', as a function of years of education 't' is given by:
Where b is the regression coefficient and a is the intercept.
The intercept is the value assumed by the function for t = 0 years of education:
Since the income function measures income in $1,000s, at zero years of education, income equals $1500