Answer:
[tex]C(x) = 540x + 72120[/tex]
Step-by-step explanation:
Given
Cost = $78,600 when Printing Press = 12
Cost = $82,380 when Printing Press = 19
Required
Determine the linear equation
From the given parameters; Cost is a function of Printing Press
Represent Cost by C and Printing press by x;
This implies that C = f(x)
The given parameters can then be modeled as; [tex](x, C)[/tex]
[tex](x_1, C_1) = (12,78600)[/tex]
[tex](x_2, C_2) = (19,82380)[/tex]
The first step is to calculate the slope, m;
[tex]m = \frac{C_1 - C_2}{x_1 - x_2}[/tex]
[tex]m = \frac{78600 - 82380}{12 - 19}[/tex]
[tex]m = \frac{-3780}{-7}[/tex]
[tex]m = 540[/tex]
The linear equation can then be calculated using slope formula
[tex]m = \frac{C- C_2}{x - x_2}[/tex]
Substitute 540 for m and [tex](x_2, C_2) = (19,82380)[/tex]
[tex]540 = \frac{C- 82380}{x - 19}[/tex]
Multiply both sides by x - 19
[tex]540 * (x-19)= \frac{C- 82380}{x - 19} * (x-19)[/tex]
[tex]540 * (x-19)= C- 82380[/tex]
Open bracket
[tex]540x - 10260 = C - 82380[/tex]
Add 82380 to both sides
[tex]540x - 10260 + 82380= C - 82380 + 82380[/tex]
[tex]540x - 10260 + 82380= C[/tex]
[tex]540x + 72120= C[/tex]
[tex]C = 540x + 72120[/tex]
Hence;
[tex]C(x) = 540x + 72120[/tex]