Final answer:
The equation that models the total profit based on the number of hot dogs is y = 3x - 30.
Step-by-step explanation:
The equation that models the total profit based on the number of hot dogs sold is:
y = mx + b
Where:
- y represents the total profit
- x represents the number of hot dogs sold
- m represents the slope of the line (change in profit per hot dog sold)
- b represents the y-intercept (initial profit when no hot dogs are sold)
To find the values of m and b, we use the information given in the question. We have two points on the line: (40, 90) and (80, 210). We can use these points to find the slope and the y-intercept.
Slope (m) = (change in profit) / (change in hot dogs sold) = (210 - 90) / (80 - 40) = 120 / 40 = 3
Substituting the values of m and one of the points into the equation, we can solve for b:
90 = 3(40) + b
b = 90 - 120 = -30
Therefore, the equation that models the total profit is y = 3x - 30.