Ask Question
13 February, 05:40

Given that spending for a certain household will always include a base amount of $1000/month, and that additional spending is equal to half of any income earned, we can predict household spending with a model y=b+mx, where

+2
Answers (1)
  1. 13 February, 05:50
    0
    With the straight line equation, we can assume y = household spending, x is the income earned monthly, and b would be the base amount spent per month ($1000). m = 1/2 of the income that is spent (additional spending).

    Therefore our equation takes shape as follows:

    y = 1/2 ($income) + $1000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Given that spending for a certain household will always include a base amount of $1000/month, and that additional spending is equal to half ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers