Problem 57
Question
Assume each exercise describes a linear relationship. Write the equations in slope-intercept form. In \(2003,\) there were 302 million magazine subscriptions in the United States. By 2007 , this number was 322 million. (Source: Audit Bureau of Circulation, Magazine Publishers Association) a. Write two ordered pairs of the form (years after \(2003,\) millions of magazine subscriptions) for this situation. b. Assume the relationship between years after 2003 and millions of magazine subscriptions is linear over this period. Use the ordered pairs from part (a) to write an equation for the line relating year after 2003 to millions of magazine subscriptions. C. Use this linear equation in part (b) to estimate the millions of magazine subscriptions in 2005 .
Step-by-Step Solution
VerifiedKey Concepts
slope-intercept form
When you have a linear situation, such as counting magazine subscriptions over the years, using the slope-intercept form helps to represent this relationship as a straight line.
This form is incredibly helpful because it allows students and others to easily understand and predict changes by simply plugging different x values into the formula to find corresponding y values.
ordered pairs
In the exercise example, ordered pairs like \((0, 302)\) and \((4, 322)\) tell us the relationship between the years since 2003 and the number of magazine subscriptions. Here, '0' and '4' represent years after 2003, and '302' and '322' show millions of magazine subscriptions in those respective years.
Ordered pairs are used as points that help plot the line on a graph, and they give us specific data that allows for constructing linear equations and analyzing trends.
slope calculation
This calculation tells us the average rate at which the dependent variable \(y\) changes concerning the independent variable \(x\). A positive slope indicates a positive relationship, where as x increases, y also increases. Conversely, a negative slope indicates a negative relationship.
In our example, using the ordered pairs \((0, 302)\) and \((4, 322)\), the slope is:\[m = \frac{322 - 302}{4 - 0} = \frac{20}{4} = 5\].
This means that for each additional year after 2003, the millions of magazine subscriptions increased by 5. Understanding slope is crucial for predicting future values and understanding the nature of the linear relationship in a graph.