Question

Let y be a company's revenue in millions of dollars. From 2002 to 2005, the function y=1,303x+6,500 approximates the revenue y when x is the number of years after 2002. What does the initial value mean? if someone could answer this for me that would be great! 4 answers 1. The initial value is the difference in revenue between 2005 and 2002. 2.The initial value is the difference in revenue between 2002 and 2005. 3.The initial value is the maximum revenue between 2002 and 2005 4.The initial value is the revenue in 2002.

Answer 1

The initial value is the revenue in 2002.

Explanation:

Given

`y = 1303x + 6500`

Required

Interpret the initial value

From the question, we understand that the x represents years after 2000.

So, initially

`x =0`

Substitute 0 for x in
`y = 1303x + 6500`

`y = 1303 * 0 + 6500`

`y = 0 + 6500`

`y = 6500`

This value represents the revenue at 2000 and it is the initial value