Answer:
[tex] y =mx +bx[/tex]
Where y is the total amount earned, m the amount for each extended warranty and b the fixed cost and x the total amount of TVs
For this case the value of x = 16 since we have 16 Tvs with extended warranties and we can do this:
[tex] 1200 = 15*16 +16b[/tex]
and solving for b we got:
[tex] b= \frac{1200-15*16}{16}= 60[/tex]
And then we can conclude that she earns 60 for each TV
Step-by-step explanation:
For this case we can set a linear model like this:
[tex] y =mx +bx[/tex]
Where y is the total amount earned, m the amount for each extended warranty and b the fixed cost and x the total amount of TVs
For this case the value of x = 16 since we have 16 Tvs with extended warranties and we can do this:
[tex] 1200 = 15*16 +16b[/tex]
and solving for b we got:
[tex] b= \frac{1200-15*16}{16}= 60[/tex]
And then we can conclude that she earns 60 for each TV