Answer:
For a volume of 60 ounces, the appropriate price is $16
Explanation:
Firstly, we need to determine the relationship between volume of popcorn and the price of bag.
Let us try and see if there is a linear relationship
A linear model is of the form ;
y = mx + b
where m is the slope and b is the y intercept
While the price represents the y axis values, the volume represents the x axis values
For the slope;
m = (y2-y1)/(x2-x1)
m = (13.6-11)/(48-35) = 2.6/13 = 0.2
So we have the slope value as 0.2
the equation is;
y = 0.2x + b
to get b, substitute any value of (x,y)
6 = 0.2(10) + b
6 = 2 + b
b = 6-2 = 4
If we had substituted (20,8)
8 = 0.2(20) + b
8 = 4 + b
b = 4
if (48,13.6)
13.6 = 48(0.2) + b
13.6 = 9.6 + b
b = 13.6-9.6
b = 4
Hence we have established linear relationship between the volume in ounces and the price in $
So we have this as
Price = 0.2(volume) + 4
So for volume of 60 ounces;
Price = 0.2(60) + 4
price = 12 + 4
price = $16
The reason why this is appropriate is because it follows the rule of the established linear relationship