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Mathematics 12 Online
OpenStudy (anonymous):

The cost of driving a car includes both fixed costs and mileage costs. Assume that it costs $175.50 per month for insurance and car payments and $0.22 per mile for gasoline, oil and routine maitenence. a) find values for m and b so that y=mx+b models the monthly cost of driving the car x miles. b) what does the value of b represent.

OpenStudy (deoxna):

B represents the fixed costs, and m is the cost per mile, maintainance, etc. For every mile you drive (x) you will pay $0.22, and you will start each month with the fixed fees (b).

OpenStudy (anonymous):

Need help understanding m= and b=

OpenStudy (pfenn1):

Do you mean you need understanding how to find m and b or that you don't know what m and b are?

OpenStudy (anonymous):

I don't understand how to work this out correctly.

OpenStudy (pfenn1):

Well, as @DeoxNA said, b represents the fixed costs of driving the car. In this case. the fixed costs are the insurance and car payments. These costs are fixed in that you have to pay them every month regardless of how many miles you drive or if you drive at all. m is the amount it costs you to drive the car one mile.....these costs include maintenance, fuel, etc. These costs go up and down depending on how many miles you drive the car. Does this make sense?

OpenStudy (pfenn1):

So, what are your fixed costs in this case?

OpenStudy (anonymous):

So y=0.22x + 175.50?

OpenStudy (pfenn1):

Correct! You got it!

OpenStudy (anonymous):

Oh good! :)

OpenStudy (anonymous):

Thank you for helping me understand. :)

OpenStudy (pfenn1):

No problem!

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