The statement 'Revenue management methodology was originally developed for the banking industry.' is False.
The revenue Management is an analytics technique.
This technique is used to predict consumer behavior at the micro-level, which is ultimately useful in optimizing the product availability and pricing and maximize revenue growth.
This methodology is used by companies in certain industries, particularly those with fixed costs and capacity and products or services that expire.
It is the operational procedures and practices that maximize revenues without creating additional products or services.
Therefore, The statement 'Revenue management methodology was originally developed for the banking industry.' is False.
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The slope-intercept form of a line is y = mx + b, where m is the slope and b is the y-intercept. Since you are given the slope (0.5) and the y-intercept (3), all you have to do is substitute these given values into the equation. Substituting them in you get: y = 0.5x + 3, which is your answer.
Simply substitute the point into the given equation; as there is one variable, you only need one point and so one is given. When done so, you shall get b=4
