
Patrick B. answered 11/05/20
Math and computer tutor/teacher
M is the price per minute and also the SLOPE
B is the flat monthly fee and also the intercept...
ZER0 minutes used STILL costs $B flat fee wether you
use the phone or not?
As given x is the # of minutes used and y is the cost.
(330,104.50) and (690,194.5)
the slope is m = (194.5 - 104.50)/(690-330)
= 90/360
= 1/4
= 0.25
so it is 25 cents = $0.25 per minute
The intercept B= y - mx
= 104.50 - (0.25)(330)
= 104.50 - 82.5
= $22
THe linear cost function is therefore
y = 0.25x + 22 = C(x)
C(765) = 0.25 * 765+22 = $213.25