Question

X | 1 | 2 | 3 | 4 |Y | 55.50 | 59.00 | $12.50 | $16.00 |What does It cost to create 1 craft (slope)?What is the admission fee (y-intercept)?

Answer 1

Given:

Number of crafts and total costs are given.

`\text{Slope}=(y_2-y_1)/(x_2-x_1)`
`\begin{gathered} \text{Cost to create }1\text{ craft=}(9-5.50)/(2-1) \\ =(3.50)/(1) \\ =3.50 \end{gathered}`

Cost to create 1 craft is $3.50

`\begin{gathered} Admission\text{ fee=}5.50-3.50 \\ =\text{ \$2} \end{gathered}`