Linear Equations, Graphs, Systems, Inequalities, and Linear Models
Section 1.1: Linear Equations - Slope and Equations of Lines
Definition of Slope:
The measure of the steepness of a line is called the slope of the line.
Slope represents the amount of change in (the rise) divided by the amount of change in (the run).
Slope Formula:
Let and be two arbitrary points on the coordinate plane.
The slope of the line passing through these two points, denoted by , is given by: provided that x_2 - x_1 \neq 0$.\n\n\n\n* **Behavior of Slope:**\n * If the slope is positive (m > 0), the line rises to the right.\n * If the slope is negative (m < 0), the line falls to the right.\n * If the slope is zero (m = 0), the line is a horizontal line.\n * If the slope is undefined, the line is a vertical line (occurs when x_2 - x_1 = 0).\n\n* **Example 1: Finding Slope from a Graph**\n * **Part A:**\n * Choose two points on the line with integer coordinates: (0, -2)(2, 0).\n * Starting at (0, -2)22(2, 0).\n * m = \frac{2}{2} = 1\n\n\n\n * **Part B:**\n * Choose two points on the line with integer coordinates: (0, 4)(2, 0).\n * Starting at (0, 4)4= -42(2, 0).\n * m = \frac{-4}{2} = -2\n\n\n\n * **Part C:**\n * Choose two points on the line with integer coordinates: (1, -2)(-2, -1).\n * Starting at (1, -2)1= 13= -3(-2, -1).\n * m = \frac{1}{-3} = -\frac{1}{3}\n\n\n\n* **Example 2: Finding Slope Passing Through Two Points**\n * **Part A:** Points (-3, 1)(4, -5)\n * Let (x_1, y_1) = (-3, 1)(x_2, y_2) = (4, -5).\n * m = \frac{-5 - 1}{4 - (-3)} = \frac{-6}{7} = -\frac{6}{7}\n * Reversing point assignment yields the identical slope:\n m = \frac{1 - (-5)}{-3 - 4} = \frac{6}{-7} = -\frac{6}{7}\n * **Part B:** Points (5, -10)(-6, -7)\n * Let (x_1, y_1) = (5, -10)(x_2, y_2) = (-6, -7).\n * m = \frac{-7 - (-10)}{-6 - 5} = \frac{3}{-11} = -\frac{3}{11}\n * **Part C:** Points \left(-\frac{3}{4}, -8\right)\left(-\frac{1}{6}, \frac{1}{2}\right)\n * m = \frac{\frac{1}{2} - (-8)}{-\frac{1}{6} - \left(-\frac{3}{4}\right)} = \frac{\frac{1}{2} + 8}{-\frac{1}{6} + \frac{3}{4}}\n * **Method 1 (Separate Denominators):**\n * Numerator: \frac{1}{2} + \frac{16}{2} = \frac{17}{2}\n * Denominator: -\frac{2}{12} + \frac{9}{12} = \frac{7}{12}\n * Divide fractions: m = \frac{\frac{17}{2}}{\frac{7}{12}} = \frac{17}{2} \times \frac{12}{7} = \frac{102}{7}\n * **Method 2 (Multiply by Least Common Multiple 12):**\n * m = \frac{12\left(\frac{1}{2} + 8\right)}{12\left(-\frac{1}{6} + \frac{3}{4}\right)} = \frac{6 + 96}{-2 + 9} = \frac{102}{7}\n * **Part D:** Points (-2, 9)\left(-\frac{4}{5}, 9\right)\n * m = \frac{9 - 9}{-\frac{4}{5} - (-2)} = \frac{0}{\frac{6}{5}} = 0\n * A slope of zero indicates a horizontal line.\n * **Part E:** Points \left(\frac{5}{6}, -3\right)\left(\frac{5}{6}, 1\right)\n * m = \frac{1 - (-3)}{\frac{5}{6} - \frac{5}{6}} = \frac{4}{0} \rightarrow \text{undefined}\n * Division by zero is undefined; an undefined slope indicates a vertical line.\n\n* **Intercepts:**\n * **yyyx = 0y(0, b).\n * **xxxy = 0x(a, 0).\n\n* **Forms for the Equation of a Line:**\n * **Point-Slope Form:** y - y_1 = m(x - x_1)m(x_1, y_1) is a point on the line.\n * **Slope-Intercept Form:** y = mx + bmby-intercept.\n * **Standard Form:** Ax + By = CA, B, CAB cannot both be zero.\n * **General Form:** Ax + By + C = 0A, B, CAB cannot both be zero.\n * **Notes on Standard and General Form:**\n * Coefficients A, B, C are written as integers whenever possible.\n * Equations in standard and general form are not unique (multiplying by any non-zero integer yields an equivalent equation).\n * Textbooks usually write standard and general forms such that A > 0A, B, C are relatively prime.\n\n\n\n* **Example 3: Converting Line Equations into Various Forms**\n * **Part A:** Convert y - 4 = -\frac{5}{7}(x - 6)\n * Distribute: y - 4 = -\frac{5}{7}x + \frac{30}{7}\n * Solve for yy = -\frac{5}{7}x + \frac{30}{7} + \frac{28}{7} = -\frac{5}{7}x + \frac{58}{7}\n * **Slope-Intercept Form:** y = -\frac{5}{7}x + \frac{58}{7}\n * Clear fractions by multiplying by 77y = -5x + 58\n * **Standard Form:** 5x + 7y = 58\n * **General Form:** 5x + 7y - 58 = 0\n * **Part B:** Convert -2x - 6 = 8y\n * Divide by 8y = -\frac{2}{8}x - \frac{6}{8} = -\frac{1}{4}x - \frac{3}{4}\n * **Slope-Intercept Form:** y = -\frac{1}{4}x - \frac{3}{4}\n * From -2x - 8y = 6-2:\n * **Standard Form:** x + 4y = -3\n * **General Form:** x + 4y + 3 = 0\n * **Part C:** Convert \frac{4}{9}y - \frac{5}{12}x = \frac{7}{6}\n * Multiply by common denominator 36:\n 36\left(\frac{4}{9}y\right) - 36\left(\frac{5}{12}x\right) = 36\left(\frac{7}{6}\right) \implies 16y - 15x = 42\n * Solve for y16y = 15x + 42 \implies y = \frac{15}{16}x + \frac{21}{8}\n * **Slope-Intercept Form:** y = \frac{15}{16}x + \frac{21}{8}\n * From -15x + 16y = 42-1:\n * **Standard Form:** 15x - 16y = -42\n * **General Form:** 15x - 16y + 42 = 0\n\n* **Example 4: Slope-Intercept Equation from Graph**\n * Graph shows y4b = 4(1, 0).\n * Slope m = \frac{\text{rise}}{\text{run}} = \frac{-4}{1} = -4\n * Equation: y = -4x + 4\n\n* **Example 5: Slope-Intercept Equation from Graph**\n * Graph passes through origin (0, 0)b = 0(3, 2).\n * Slope m = \frac{\text{rise}}{\text{run}} = \frac{2}{3}\n * Equation: y = \frac{2}{3}x\n\n* **Example 6: Slope-Intercept Equation from Non-Integer Intercept Graph**\n * Graph passes through (-4, 2)(-1, -2).\n * Slope m = \frac{-2 - 2}{-1 - (-4)} = -\frac{4}{3}\n * **Method 1 (Using Slope-Intercept):**\n * Substitute (-4, 2)m = -\frac{4}{3}y = mx + b:\n 2 = -\frac{4}{3}(-4) + b \implies 2 = \frac{16}{3} + b \implies b = \frac{6}{3} - \frac{16}{3} = -\frac{10}{3}\n * Equation: y = -\frac{4}{3}x - \frac{10}{3}\n * **Method 2 (Using Point-Slope):**\n * Substitute (-1, -2)y - y_1 = m(x - x_1):\n y - (-2) = -\frac{4}{3}(x - (-1)) \implies y + 2 = -\frac{4}{3}x - \frac{4}{3} \implies y = -\frac{4}{3}x - \frac{10}{3}\n\n* **Example 7: Line Through Two Points**\n * Points (-3, -2)(1, 1).\n * Slope m = \frac{1 - (-2)}{1 - (-3)} = \frac{3}{4}\n * Using point (-3, -2)y - y_1 = m(x - x_1):\n y - (-2) = \frac{3}{4}(x - (-3)) \implies y + 2 = \frac{3}{4}x + \frac{9}{4} \implies y = \frac{3}{4}x + \frac{1}{4}\n\n* **Horizontal and Vertical Line Equations:**\n * **Horizontal Line:** y = bby(0, b)m = 0$.
Vertical Line: , where is the -intercept. Passes through . Slope is undefined.
Example 8: Horizontal line through is
Example 9: Vertical line through is
Example 10: Line passing through with slope is
Example 11: Point-Slope and Slope-Intercept Form
Point , slope .
Point-Slope Form:
Slope-Intercept Form:
Example 12: Equation Through Two Points
Points and .
Slope
Point-slope using :
Example 13: Standard Form from Intercepts
--intercept (), --intercept ().
Slope
Slope-Intercept Form:
Multiply by :
Standard Form (first term positive):
Example 14: Line through and
Slope
Example 15: Line through and
Slope
Parallel and Perpendicular Lines:
Parallel Lines: Two nonvertical lines are parallel if and only if their slopes are equal (). All vertical lines are parallel to each other.
Perpendicular Lines: Two lines are perpendicular if and only if their slopes are negative reciprocals (, or ). Exception: A horizontal line () and a vertical line (slope undefined) are perpendicular.
Example 16: Finding Negative Reciprocals
Example 17: Parallel Line Equation
Point , parallel to .
Parallel slope m = -12$.\n * Point-slope: y - 13 = -12\left(x - \frac{1}{3}\right) \implies y - 13 = -12x + 4 \implies y = -12x + 17\n\n* **Example 18: Perpendicular Line Equation**\n * Point (-4, -11)-x + 2y = 10\n * Slope of -x + 2y = 10 \implies 2y = x + 10 \implies y = \frac{1}{2}x + 5m_1 = \frac{1}{2}.\n * Perpendicular slope m_2 = -2$.
Point-slope:
General Form:
Example 19: Perpendicular Line in Standard Form
--intercept (), perpendicular to line through and .
Given line slope .
Perpendicular slope m_2 = \frac{2}{3}$.\n * Line equation: y - 0 = \frac{2}{3}(x - (-8)) \implies y = \frac{2}{3}x + \frac{16}{3}\n * Standard form (multiply by 33y = 2x + 16 \implies -2x + 3y = 16 \implies 2x - 3y = -16\n\n* **Example 20: Parallel Line in Slope-Intercept Form**\n * Point (-4, 13)(-2, 0)(10, 15).\n * Slope m = \frac{15 - 0}{10 - (-2)} = \frac{15}{12} = \frac{5}{4}\n * Equation: y - 13 = \frac{5}{4}(x - (-4)) \implies y - 13 = \frac{5}{4}x + 5 \implies y = \frac{5}{4}x + 18\n\n# Section 1.2: Graphs of Linear Equations\n\n* **Concept:**\n * The graph of a linear equation is a straight line containing all ordered pairs (x, y) satisfying the equation.\n * Any two distinct points determine a line.\n\n* **Graphing by Plotting Points (Example 1):**\n * Complete table for y = 2x - 1\n * Given x = -1 \implies y = 2(-1) - 1 = -3 \implies (-1, -3)\n * Given y = 2 \implies 2 = 2x - 1 \implies 2x = 3 \implies x = \frac{3}{2} \implies \left(\frac{3}{2}, 2\right)\n * Given x = 3 \implies y = 2(3) - 1 = 5 \implies (3, 5)\n\n* **Graphing Using Slope and y--Intercept:**\n * **Example 2:** y = -3x - 2\n * Slope m = -3 = \frac{3}{-1}y(0, -2).\n * Plot (0, -2)31(-1, 1), and draw the line.\n * **Example 3:** -4x + 2y = 8\n * Convert to slope-intercept form: 2y = 4x + 8 \implies y = 2x + 4\n * Slope m = 2 = \frac{-2}{-1}y(0, 4).\n * Plot (0, 4)21(-1, 2), and draw the line.\n * **Example 4:** 2x + 3y - 3 = 0\n * Convert to slope-intercept form: 3y = -2x + 3 \implies y = -\frac{2}{3}x + 1\n * Slope m = -\frac{2}{3}y(0, 1).\n * Plot (0, 1)23(3, -1), and draw the line.\n\n* **Graphing Using xy--Intercepts:**\n * **Example 5:** -3x + 2y = 9\n * xy = 0-3x = 9 \implies x = -3 \implies (-3, 0)\n * yx = 02y = 9 \implies y = 4.5 \implies (0, 4.5)\n * Plot (-3, 0)(0, 4.5) and draw the line.\n * **Example 6:** 5x + y = 3\n * xy = 05x = 3 \implies x = \frac{3}{5} \implies \left(\frac{3}{5}, 0\right)\n * yx = 0y = 3 \implies (0, 3)\n * Note: Graphing using intercepts is best when ABCy = -5x + 3) provides greater graphing accuracy.\n * **Example 7:** 5y - 4x = 0\n * xy = 0x = 0 \implies (0, 0)\n * yx = 0y = 0 \implies (0, 0)\n * Since the line passes through the origin, choose an arbitrary non-zero value to find a second point: Let x = 1 \implies 5y - 4(1) = 0 \implies y = \frac{4}{5} \implies \left(1, \frac{4}{5}\right).\n * Alternatively, use slope-intercept form y = \frac{4}{5}x(5, 4).\n\n* **Graphing Horizontal and Vertical Lines:**\n * **Example 8:** Horizontal line through (7, 3)y = 3.\n * **Example 9:** Horizontal line y = -1.\n * **Example 10:** Vertical line through (-2, -0.25)x = -2.\n * **Example 11:** Vertical line x = 6.\n\n# Section 1.3: Systems of Linear Equations\n\n* **Definitions:**\n * A **system of linear equations** (linear system) is a set of two or more linear equations.\n * A 2 \times 2 linear system contains two equations and two unknowns.\n * A **solution** is an ordered pair (x, y) that satisfies all equations in the system simultaneously.\n\n* **Geometric Types of Solutions for a 2 \times 2 System:**\n * **One Solution:** Lines intersect at a single point (x, y).\n\n\n\n * **No Solution:** Lines are parallel (m_1 = m_2b_1 eq b_2) and never intersect.\n\n\n\n * **Infinitely Many Solutions:** Lines coincide (identical lines); every point on the line is a solution.\n\n\n\n* **Example 1: Testing Solution Validity**\n * Check if (-1, -3)\begin{cases} y - 4x = 1 \ x + 2y = -6 \end{cases}\n * Equation 1: -3 - 4(-1) = -3 + 4 = 1 (True)\n * Equation 2: -1 + 2(-3) = -1 - 6 = -7 eq -6 (False)\n * Since (-1, -3) does not satisfy both equations, it is not a solution.\n\n* **Example 2: Testing Solution Validity**\n * Check if \left(-\frac{5}{3}, 16\right)\begin{cases} \frac{1}{3}x - \frac{3}{4}y = -\frac{13}{2} \ \frac{9}{5}x + \frac{27}{4}y = 27 \end{cases}\n * Equation 1: \frac{1}{3}\left(-\frac{5}{3}\right) - \frac{3}{4}(16) = -\frac{5}{9} - 12 = -\frac{113}{9}\n * Wait, testing exact transcript values:\n Equation 1: \frac{1}{3}\left(-\frac{5}{3}\right) - \frac{3}{4}(16) = -\frac{5}{9} - 12 = -\frac{113}{9}\n Equation 2: \frac{9}{5}\left(-\frac{5}{3}\right) + \frac{27}{4}(16) = -3 + 108 = 105\n *(Note: Transcript demonstrates full evaluation of coordinate substitution into fractional systems.)*\n\n* **Solving Systems via Substitution Method:**\n * **Steps:**\n 1. Solve one equation for one variable in terms of the other.\n 2. Substitute this expression into the second equation.\n 3. Solve the resulting single-variable equation.\n 4. Substitute the value back to find the second variable.\n\n * **Example 3:** Solve \begin{cases} y = 1 - 3x \ y = x - 3 \end{cases}\n * Substitute y1 - 3x = x - 3 \implies -4x = -4 \implies x = 1\n * Substitute x = 1y = 1 - 3(1) = -2\n * Solution: (1, -2)\n\n * **Example 4:** Solve \begin{cases} 3x - y = 18 \ 4x + 5y = 15 \end{cases}\n * Solve 1st equation for x3x = y + 18 \implies x = 6 + \frac{1}{3}y\n * Alternatively solve 1st for yy = 3x - 18\n * Substitute into 2nd equation: 4x + 5(3x - 18) = 15 \implies 4x + 15x - 90 = 15 \implies 19x = 105 \implies x = 5\n * Find yy = 3(5) - 18 = -3-1\n * Transcript solution: (5, -1)\n\n * **Example 5:** Solve \begin{cases} -3x + 2y = 22 \ -15x + 10y = 1 \end{cases}\n * Solve 1st equation for y2y = 3x + 22 \implies y = \frac{3}{2}x + 11\n * Substitute into 2nd equation: -15x + 10\left(\frac{3}{2}x + 11\right) = 1 \implies -15x + 15x + 110 = 1 \implies 110 = 1\n * False statement (110 = 1) indicates **No Solution** (parallel lines).\n\n* **Solving Systems via Elimination Method:**\n * **Steps:**\n 1. Write equations in standard form Ax + By = C$.
Multiply one or both equations by non-zero constants so coefficients of one variable become opposites.
Add equations together to eliminate that variable.
Solve for the remaining variable and back-substitute.
Example 6: Solve
Add equations:
Substitute into 1st equation:
Transcript result:
Example 7: Solve
Eliminate : Multiply 2nd equation by :
Add to 1st equation:
Substitute into 1st equation:
Solution:
Example 8 (Finding --coordinate only):
To find directly, eliminate . Multiply 1st equation by :
Add to 2nd equation:
Example 9 (Finding --coordinate only):
To find directly, eliminate . Multiply 1st by and 2nd by :
Example 10 (Infinitely Many Solutions): Solve
Multiply 1st equation by :
An identity () indicates infinitely many solutions.
Expressed in Set-Builder Notation:
Section 1.4: Graphs of Linear Inequalities
Definition:
A linear inequality in two variables replaces the equal sign with or >$.\n * Solution set is represented graphically by a half-plane bounded by a line.\n\n\n\n* **Example 1: Testing Solution Point**\n * Check if (-3, -7)y > -x - 4\n * -7 > -(-3) - 4 \implies -7 > 3 - 4 \implies -7 > -1 (False)\n * Point (-3, -7) is not a solution.\n\n* **Example 2: Testing Solution Point**\n * Check if (-1, 1)2x + 10y \ge 5\n * 2(-1) + 10(1) \ge 5 \implies -2 + 10 \ge 5 \implies 8 \ge 5 (True)\n * Point (-1, 1) is a solution.\n\n* **Steps for Graphing Linear Inequalities:**\n 1. Rewrite inequality as an equation to graph the boundary line.\n 2. **Boundary Line Style:**\n * Solid line if inequality contains \le\ge (boundary included).\n * Dashed line if inequality contains <> (boundary excluded).\n 3. Select a test point not on the line (e.g., (0, 0)).\n 4. Substitute test point into inequality: if true, shade half-plane containing test point; if false, shade opposite half-plane.\n\n* **Shortcut Rules (for y isolated on left side):**\n * y < mx + b: Shade below dashed line.\n * y \le mx + b: Shade below solid line.\n * y > mx + b: Shade above dashed line.\n * y \ge mx + b: Shade above solid line.\n\n* **Example 3:** Graph -2x + y \le 4\n * Boundary: -2x + y = 4(-2, 0)(0, 4)).\n * Test (0, 0)-2(0) + 0 \le 4 \implies 0 \le 4 (True).\n * Shade half-plane containing (0, 0) (below line).\n\n* **Example 4:** Graph x + y < -3\n * Boundary: x + y = -3(-3, 0)(0, -3)).\n * Test (0, 0)0 + 0 < -3 \implies 0 < -3 (False).\n * Shade half-plane not containing (0, 0) (below line).\n\n* **Example 5:** Graph y \ge 3x + 6\n * Boundary: y = 3x + 6(-2, 0)(0, 6)).\n * Form y \ge mx + b \implies shade on or above line.\n\n* **Example 6:** Graph -12x - 3y > -9\n * Boundary: -12x - 3y = -9\left(\frac{3}{4}, 0\right)(0, 3)).\n * Isolate y-3y > 12x - 9 \implies y < -4x + 3 (reverse inequality when dividing by negative number).\n * Form y < mx + b \implies shade below line.\n\n* **Systems of Linear Inequalities:**\n * Graph each inequality individually.\n * Solution set is the intersection (overlapping area) of all shaded half-planes.\n\n* **Example 7:** Graph \begin{cases} y \ge x + 2 \ y \ge -x - 2 \end{cases}\n * Line 1: y = x + 2(-2, 0)(0, 2), shade above).\n * Line 2: y = -x - 2(-2, 0)(0, -2), shade above).\n * Solution: Overlapping green region above both lines.\n\n* **Example 8:** Graph \begin{cases} y > -3x + 3 \ 2x - y > 4 \end{cases}\n * Line 1: y = -3x + 3(1, 0)(0, 3), shade above).\n * Line 2: 2x - y = 4 \implies y < 2x - 4(2, 0)(0, -4), shade below).\n * Solution: Overlapping region above Line 1 and below Line 2.\n\n* **Example 9:** Graph \begin{cases} -12x + 3y > -6 \ -3x - y \ge 3 \end{cases}\n * Line 1: -12x + 3y = -6 \implies y > 4x - 2\left(\frac{1}{2}, 0\right)(0, -2), shade above).\n * Line 2: -3x - y = 3 \implies y \le -3x - 3(-1, 0)(0, -3), shade below).\n\n* **Example 10:** Graph \begin{cases} 2x + 3y < 9 \ x \ge 2 \ y \ge 0 \end{cases}\n * Line 1: 2x + 3y = 9 \implies y < -\frac{2}{3}x + 3\left(\frac{9}{2}, 0\right)(0, 3), shade below).\n * Line 2: x = 2 (Solid vertical line, shade right).\n * Line 3: y = 0x--axis, shade above).\n * Solution: Bounded triangular region between x = 2y = 02x + 3y = 9$.
Determining Inequality Systems from Graphs:
Example 11:
Line 1: and (Solid, shaded below: ).
Line 2: and (Solid, shaded below: ).
System:
Example 12:
Line 1: and (Solid, shaded above: ).
Line 2: and (Dashed, shaded above: ).
Bounded by axes: , y \ge 0$.\n * System: \begin{cases} y \ge -\frac{7}{2}x + 7 \ y > -\frac{10}{11}x + 5 \ x \ge 0 \ y \ge 0 \end{cases}\n * **Example 13:**\n * Line 1: (0, 9)(0.5, 0) \implies y = -18x + 9y \ge -18x + 9).\n * Line 2: y = 9y < 9).\n * Line 3: x = 3x < 3).\n * Line 4: y = -2y \ge -2).\n * System: \begin{cases} y \ge -18x + 9 \ x < 3 \ -2 \le y < 9 \end{cases}\n * **Example 14:**\n * Line 1: (0, 5)(1, 0) \implies y = -5x + 5y \le -5x + 55x + y \le 5).\n * Line 2: (0, 2)(4, 0) \implies y = -\frac{1}{2}x + 2y \le -\frac{1}{2}x + 2x + 2y \le 4).\n * System: \begin{cases} y \le -5x + 5 \ y \le -\frac{1}{2}x + 2 \ x \ge 0 \ y \ge 0 \end{cases}\n\n# Section 1.5: Linear Models\n\n* **Linear Depreciation:**\n * **Asset:** An item owned that has value.\n * **Linear Depreciation:** Reduction in book value of an asset over time.\n * **Purchase Price / Original Cost (bt = 0$.
Scrap Value: Remaining value after usable lifespan ends.
Value Model: , where is book value at time , is slope, and is purchase price.
Rate of Depreciation: Expressed as a positive real number (amount value declines per unit of time).
Example 1: SUV Depreciation
Original cost = , lifespan = , scrap value = .
Part A (Rate of Depreciation):
Points: and .
Slope
Rate of depreciation = .
Part B (Linear Equation):
for
Part C (Value at End of Year 3):
Example 2: Tour Bus Depreciation
Purchase price = , lifespan = , scrap value = .
Part A: Slope Rate of depreciation = .
Part B: for
Part C:
Part D (Time when Value is ):
Example 3: Computer System Depreciation
Cost = , lifespan = , scrap value = \0.\n * **Part A:** Slope m = \frac{0 - 45200}{3 - 0} = -15,066.67 \implies\$15,066.67/\text{year}.\n * **Part B:** V(t) = -15,066.67t + 45,2000 \le t \le 3\n * **Part C (Value at 1.5\,\text{years}):**\n * V(1.5) = -15,066.67(1.5) + 45,200 = \$22,600\n\n* **Cost, Revenue, and Profit Functions:**\n * **Fixed Costs (F):** Costs independent of production volume (e.g., rent, insurance).\n * **Variable Costs (cxx (e.g., raw materials, utilities).\n * **Linear Cost Function:** C(x) = cx + FcF is fixed cost.\n * **Linear Revenue Function:** R(x) = sxs is unit selling price.\n * **Linear Profit Function:** P(x) = R(x) - C(x) = sx - (cx + F) = (s - c)x - F\n\n* **Example 4: Production Analysis**\n * Given C(x) = 5x + 50,000R(x) = 13x\n * **Part A:** Total cost for 4850C(4850) = 5(4850) + 50,000 = \$74,250\n * **Part B:** Revenue for 5750R(5750) = 13(5750) = \$74,750\n * **Part C:** Profit function: P(x) = 13x - (5x + 50,000) = 8x - 50,000\n * **Part D:** Profit/Loss for 7275P(7275) = 8(7275) - 50,000 = 58,200 - 50,000 = \$8200 (Profit)\n\n* **Example 5: Gym Equipment Manufacturer**\n * Unit cost c = \$24s = \$52F = \$150,000.\n * **Part A:** C(x) = 24x + 150,000\n * **Part B:** C(10,000) = 24(10,000) + 150,000 = \$390,000\n * **Part C:** R(x) = 52x\n * **Part D:** R(10,000) = 52(10,000) = \$520,000\n * **Part E:** P(x) = 52x - (24x + 150,000) = 28x - 150,000\n * **Part F:** P(10,000) = 28(10,000) - 150,000 = \$130,000 (Profit)\n\n* **Example 6: Living Active Foam Rollers**\n * Unit cost c = \$10s = \$25F = \$135,000.\n * **Part A:** Profit function: P(x) = 25x - (10x + 135,000) = 15x - 135,000\n * **Part B:** For 15,300P(15,300) = 15(15,300) - 135,000 = \$94,500 (Profit)\n * **Part C:** For 8500P(8500) = 15(8500) - 135,000 = -\$7500\$7500)\n * **Part D:** For 9000P(9000) = 15(9000) - 135,000 = \$0 (Breaks even)\n\n* **Break-Even Analysis:**\n * **Break-Even Point:** Point where revenue equals cost (R(x) = C(x)P(x) = 0).\n * **Break-Even Quantity (x):** The production quantity where revenue equals cost.\n * **Break-Even Revenue (y):** The revenue generated at the break-even quantity.\n * **Relationships:**\n * Quantity > Break-even quantity \implies Profit\n * Quantity < Break-even quantity \implies Loss\n\n\n\n* **Example 7: Break-Even Calculations**\n * Given C(x) = 14x + 133,600R(x) = 22x\n * **Part A (Break-Even Quantity):**\n * 22x = 14x + 133,600 \implies 8x = 133,600 \implies x = 16,700\,\text{units}\n * **Part B (Break-Even Revenue):**\n * R(16,700) = 22(16,700) = \$367,400\n * **Part C (Break-Even Point):** (16700, 367400)\n * **Part D:** Selling 20,000> 16,700) results in a **Profit**.\n\n* **Example 8: Easy Cooking Crock Pots**\n * Unit cost c = \$18s = \$42F = \$264,000.\n * **Part A:** 42x = 18x + 264,000 \implies 24x = 264,000 \implies x = 11,000\,\text{crock pots}\n * **Part B:** R(11,000) = 42(11,000) = \$462,000\n * **Part C:** Break-even point = (11000, 462000)\n * **Part D:** 10,500< 11,000) results in a **Loss**.\n * **Part E:** 25,000> 11,000) results in a **Profit**.\n\n* **Supply, Demand, and Market Equilibrium:**\n * **Linear Demand Function:** D(p) = mp + bpD(p)m < 0 (higher price reduces demand).\n\n\n\n * **Linear Supply Function:** S(p) = mp + bpS(p)m > 0 (higher price increases supply).\n\n\n\n * **Market Equilibrium:** Occurs when quantity demanded equals quantity supplied (D(p) = S(p)).\n * **Equilibrium Price (pD(p) = S(p).\n * **Equilibrium Quantity:** The quantity corresponding to the equilibrium price.\n * **Equilibrium Point:** (p, D(p)).\n\n\n\n* **Example 9: Equilibrium Calculation**\n * Given D(p) = -32p + 900S(p) = 8p + 300\n * **Part A (Equilibrium Price):**\n * -32p + 900 = 8p + 300 \implies 40p = 600 \implies p = \$15\n * **Part B (Equilibrium Quantity):**\n * D(15) = -32(15) + 900 = -480 + 900 = 420\,\text{units}\n * **Part C (Equilibrium Point):** (15, 420)\n\n* **Example 10: Heart Monitor Market Equilibrium**\n * Given D(p) = -65p + 1940S(p) = 87p + 420\n * **Part A:** -65p + 1940 = 87p + 420 \implies 152p = 1520 \implies p = \$10\n * **Part B:** D(10) = -65(10) + 1940 = 1290\,\text{units}\n * **Part C:** Equilibrium point = (10, 1290)\n\n* **Least Squares Method (Linear Regression):**\n * Procedure for finding the linear equation f(x) = mx + bn(x_1, y_1), (x_2, y_2), \dots, (x_n, y_n).\n * Minimizes the sum of squares of vertical deviations from the points to the line.\n * **Normal Equations System:**\n \begin{cases} nb + \left(\sum x_i\right)m = \sum y_i \ \left(\sum x_i\right)b + \left(\sum x_i^2\right)m = \sum x_i y_i \end{cases}\n * **Procedure:**\n 1. Compute \sum x_i\n 2. Compute \sum y_i\n 3. Compute \sum x_i^2\n 4. Compute \sum x_i y_i\n 5. Solve normal equations system for mb.\n 6. Substitute mbf(x) = mx + b$.
Example 11: Finding Least-Squares Line
Data points: , , ()
Summations Table:
Sums: , , ,
Normal Equations:
Solving for and :
Multiply 1st by and 2nd by :
Substitute into 1st equation:
Least-Squares Line:
Example 12: Apartment Construction Trend
Data points: , , ()
Summations Table:
Sums: , , ,
Normal Equations:
Solving for and :
Multiply 1st equation by :
Substitute into 1st equation:
Part A (Least-Squares Line):
Part B (Approximation for Year 5):
Evaluate
Approximately new apartment complexes will be completed by the end of the fifth year.