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SALES The following are the slopes of lines representing annual sales \(x\) in terms of time in years.Use the slopes to interpret any change in annual sales for a one-year increase in time. (a) The line has a slope of \(m=135\). (b) The line has a slope of \(m=0\). (c) The line has a slope of \(m= -40\).

Short Answer

Expert verified
For (a), a one-year increase results in 135 units increase in sales; for (b), sales remain constant with a one-year increase in time; for (c), a one-year increase results in 40 units decrease in sales.

Step by step solution

01

Interpretation of the Slope

The slope \(m\) of a line represents the change in \(y\) for a one-unit change in \(x\). In this context, \(y\) represents annual sales, and \(x\) represents time in years, so the slope represents the annual sales change for each year.
02

Interpret Slope \(m = 135\)

A slope of 135 means that for each additional year, the annual sales increase by 135 units. Hence, in this case, an increase in time by 1 year, leads to an increase in annual sales by 135 units.
03

Interpret Slope \(m = 0\)

A slope of 0 means that for each additional year, the annual sales remain constant. In this context, even if time increases by 1 year, the annual sales does not change.
04

Interpret Slope \(m = -40\)

A slope of -40 means that for each additional year, the annual sales decrease by 40 units. Here, an increase in time by 1 year would lead to a decrease in annual sales by 40 units.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Slope of a Line
Understanding the slope of a line is crucial when interpreting graphical data, especially in real-life situations like tracking.sales figures over time. The slope is a measure of how steep a line is, and it's calculated as the change in the vertical direction (rise) over the change in the horizontal direction (run). In mathematical terms, for two points on a line \( (x_1, y_1) \text{ and } (x_2, y_2) \) the slope \(m\) is calculated using the formula: \[ m = \frac{y_2 - y_1}{x_2 - x_1} \]

When it comes to sales, a positive slope like \(m=135\) indicates an upward trend, meaning sales are increasing over time. Conversely, a negative slope such as \(m=-40\) suggests a downward trend, with sales decreasing. A slope of zero \(m=0\) is particularly straightforward — it signifies no change, implying steady sales regardless of the time passed.

It's imperative to realize that the slope encapsulates more than just a number; it represents the rate at which sales are climbing or falling, which can inform business decisions and strategies.
Rate of Change
The rate of change is often synonymous with the slope in linear relationships. It communicates how much one variable changes on average when the other variable changes by one unit. In the context of describing annual sales as a function of time, the rate of change is the amount by which sales are expected to increase or decrease each year.

In the case of the slope \(m=135\), the positive rate of change here indicates that sales are expected to grow by 135 units per year. This figure can be essential for businesses to forecast future earnings and to set benchmarks for sales teams.

On the other hand, a slope \(m=-40\) introduces a negative rate of change, suggesting a need to investigate why sales are declining and to implement tactical measures to curb this trend. A slope of \(m=0\), implying a zero rate of change, tells that sales are constant and can indicate either a saturated market or effective stabilization of sales over time.
Linear Functions
Linear functions are mathematical expressions that create a straight line when plotted on a graph. They follow the formula \(y=mx+b\), where \(m\) represents the slope and \(b\) represents the y-intercept, or the point where the line crosses the y-axis. The linear function is a powerful tool in predicting future values based on existing data.

With a linear function, we can make clear extrapolations. For instance, if we have a linear relationship between time and sales with a slope \(m=135\), we can expect a straightforward projection that sales will continue to rise at the same rate unless some external factor changes this trend.

It's essential to note that linear functions represent a simplified model of reality. Real-world data may not always follow a perfect linear trend due to various influencing factors, but linear approximations often provide a reasonable basis for predicting and understanding behavior over time.

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