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A bike-rental shop models the total cost by \(C(h)=8h+15\), where \(h\) is the number of rental hours and \(C(h)\) is the cost in dollars.
Interpret the slope and the y-intercept in this situation. Include units.
Hints
- Connect the coefficient of \(h\) with how the cost changes when rental time increases.
- Evaluate what the model says when the number of rental hours is \(0\).
- Match each numerical parameter with the units it has in context.
Solution
1. The slope is \(8\). This means the cost increases by \(\$8\) for each additional hour of rental time.
2. The y-intercept is \(15\). Since \(C(0)=15\), it represents a fixed \(\$15\) charge before any rental hours are added.
Answer
The slope means \(\$8\) per rental hour. The y-intercept means there is a fixed \(\$15\) charge at \(0\) hours.
