Question
The manager at a local Verizon store kept track of daily sales of the iPhone 7 when it was first introduced. He noticed that sales
The manager at a local Verizon store kept track of daily sales of the iPhone 7 when it was first introduced. He noticed that sales were very high at first, but showed a steady decrease. For example, on day 3 after the phones first went on sale, the store sold 290 iPhone 7s, but on day 9 after the phones first went on sale, the store sold only 164 iPhone 7s. Assume that the relationship between number of days since the phone became available and number sold is linear and, let x = the number of days since the phone was released and y = number of phones sold at this Verizon store.
a) Write two ordered pairs to represent the sales on the days described.
b) Find the slope of the line through those ordered pairs.
c) Write an equation in point-slope form of the line.
d) Convert the equation to slope-intercept form.
e) Explain what the slope and the y-intercept mean in the context of this problem.
PLEASE SEND ANSWER (if an attachment) IN A PDF OR WORD DOC ATTACHMENT. Do not send in a png or docx. Thanks.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started