Answer:
Slope = 50 [monthly cost is $50 per month]
Y-Intercept = 79.50 [this is the initial cost of the membership, $79.50]
Step-by-step explanation:
The equation is:
[tex]C(m)=50m+79.50[/tex]
This follows the general function y = mx + b
Where m is the slope and b is the y-intercept.
So, matching coefficients, we see that:
Slope = 50
Y-Intercept = 79.50
THe meaning of slope is for every change in x-values, we have a change of m in y value. Thus, for every change in m (1 month), we will have change of 40 in y-value (which is the cost)
Thus, monthly cost is $50 per month.
Now, y intercept means the value of y(cost) at x = 0 (which is months = 0).
Thus, we can say when months = 0, initially, the cost is 79.50. So, this is teh initial cost of joining the gym.
