Question

In the context of this graph, what do the slope and y-intercept mean? Heating Oil Cost 800 700 600 500 Cost (S) 400 300 200 100 0 0 50 200 100 150 Gallons

Answer 1

According to the given graph, the x-axis refers to Gallons and the y-axis refers to Cost in dollars.

In this case, the slope indicates the rate of change between gallons and dollars, that is, the cost per gallon.

On the other hand, the y-intercept shows the initial cost of the heating oil.