Final answer:
The equation, y = 30x + 150, represents the total cost of Mike's Plumbing Services. The coefficient of x represents the hourly rate, and the constant term represents the one-time inspection fee.
Step-by-step explanation:
The equation, y = 30x + 150, represents the total cost of Mike's Plumbing Services.
The coefficient of x, which is 30, represents the hourly rate charged by the service.
This means that for each hour of work, there is an additional cost of $30.
The constant term, which is 150, represents the one-time inspection fee charged by the service.
This means that regardless of the number of hours spent on the job, there will be a fixed fee of $150.