Answer:
Choice 3: Bobby has $300 in the yearbook fund and earns $13.50 for each yearbook sold.
Step-by-step explanation:
From the equation y = 13.50x + 300, we can derive that:
300 is the initial value, or y-intercept.
13.50 is the rate of change, or slope.
Let's go through each choice and eliminate:
1. Incorrect, because spending $13.50 on each yearbook would mean a negative slope.
2. Incorrect, because the initial value is $300, not $13.50.
3. Correct, because $300 is the initial value and earning $13.50 means a positive slope.
4. Incorrect, because the initial value should be $300.
Therefore, choice 3 is the correct scenario.
