Explanation:
Given that Julio's Rental Cars charge $150, along with the additional $0.50 per mile traveled:
The equation that represents the given values is: y = 0.50x + 150
Where:
y = Total cost of renting a car
x = Number of miles traveled
$0.50 = Rate of change
$150 = Y-intercept
Rate of change (explanation):
The $0.50 is the rate of change (or the slope of the equation), which represents the increase in total cost for every additional x number of miles driven.
Y-intercept (explanation):
The $150 is the y-intercept, which is the initial amount or flat fee that the company charges given the x = 0 number of miles driven.