22 Oct 2021
Problem 18e
Page 36
Section 1.2: Mathematical Models: A Catalog of Essential Functions
Chapter 1: Functions and Models
Textbook ExpertVerified Tutor
22 Oct 2021
Given information
Consider (distance-driven) on the axis and (monthly cost) on the axis.
Given,
Step-by-step explanation
Step 1.
To check if linear model is suitable we check the slope.
The car has a fixed cost such as servicing, car payments, insurance, etc and it has additional costs of fuel, tire repair, etc which increase at a constant rate, given by the slope.
The constant rate is found to be