Answer:
Option 1: y = 3.5x + 7.5
Option 2: y = 5.5x
For 5 games, Option 1 is less expensive.
Explanation:
The equation of a line in the slope-intercept form is
y = mx + b
where m = slope, and b = y-intercept.
The slope is a rate. The y-intercept is the initial value.
If a store has a fixed fee, that fixed fee is the initial value. The amount per rental is a rate, so it is the slope.
Option 1:
Monthly fee: $7.50; this is the y-intercept, b = 7.5
Per game cost: $3.50; this is a rate, $3.50/game rented; this is the slope; m = 3.5
The equation is
y = mx + b
y = 3.5x + 7.5
Option 2:
Since we are not given values for m and b directly, we calculate them. Each line in the table is an ordered pair. We can use any two ordered pairs to find the equation of a line.
Let's use these two lines in the table:
3 $16.50 as an ordered pair: (3, 16.5)
6 $33.00 as an ordered pair: (6, 33)
slope = m = (difference in y)/(difference in x)
slope = m = (33 - 16.5)/(6 - 3) = 16.5/3 = 5.5
The equation is
y = 5.5x + b
Now we use the ordered pair (3, 16.5) to find b, the y-intercept.
16.5 = 5.5(3) + b
16.5 = 16.5 + b
b = 0
Since b = 0, the equation is
y = 5.5x + 0, or simply
y = 5.5x
Now we use the two equations we found to find the cost of renting 5 video games.
Option 1:
y = 3.5x + 7.5
For 5 games, x = 5.
y = 3.5 × 5 + 7.5
y = 17.5 + 7.5
y = 25
Option 2:
y = 5.5x
For 5 games, x = 5.
y = 5.5 × 5
y = 27.5
For 5 games, Option 1 costs $25, and Option 2 costs $27.50. For 5 games, Option 1 is less expensive.