Section 2.4 Finding a Linear Model Finding a Model Finding an Equation of a Linear Model Example A company’s profit was $10 million in 2005 and has increased by $3 million per year. Let p be the profit (in millions of dollars) in the year that is t years since 2005. 1. Is there a linear relationship between t and p? Solution • Since the profit is a constant $3 million per year, the variables t and p are linearly related Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 2 Finding a Model Finding an Equation of a Linear Model Example Continued 2. Find the p-intercept of a linear model Solution • Profit was $10 million in 2005 • 2005 is 0 years since 2005 • This gives the ordered pair (0, 10) • So, the p-intercept is (0, 10) Example Continued 3. Find the slope of the linear model. Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 3 Finding a Model Finding an Equation of a Linear Model Solution • Rate of change of profit per year is $3 million per year • So, the slope of the linear model is 3 Example Continued 4. Find an equation of the linear model. Solution • Since p-intercept is (0, 10) and slope is 3, the linear model is: p= 3t + 10 Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 4 Finding a Model Finding an Equation of a Linear Model Graphing Calculator • Verify the ordered pair (0, 10) • Verify that as the input increases by 1, the output increases by 3 Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 5 Definition: Unit Analysis Unit Analysis of a Linear Model Definition We perform a unit analysis of a model’s equations by determining the units of the expression on both sides of the equation. The simplified units of the expressions on both sides of the equation should be the same. Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 6 Finding a Model Unit Analysis of a Linear Model Example A driver fills her car’s 12-gallon gasoline tank and drives as a constant speed. The car consumes 0.04 gallon per mile. Let G be the number of gallons of gasoline remaining in the tank after she has driven d miles since filling up. 1. Is there a linear relationship between d and G? Solution • Rate of change is a constant –0.04 gallons per minute, so d and G are linearly related Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 7 Finding a Model Unit Analysis of a Linear Model Example Continued 2. Find the G-intercept of a linear model. Solution • Tank is full at 12 gallons: ordered pair (0, 12) Example Continued 3. Find the slope of the linear model. Solution • Gasoline remaining in the tank with respect to distance traveled is: m = −0.04 Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 8 Finding a Model Unit Analysis of a Linear Model Example Continued 4. Find the equation of the linear model. Solution • Since p-intercept is (0, 12) and slope is –0.04, the −0.04t + 12 linear model is: G = Example Continued 5. Perform a unit analysis of the equation Solution • Here a unit analysis on the equation G = −0.04t + 12 : Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 9 Finding a Model Unit Analysis of a Linear Model Solution Continued • We use the fact that = 1 to simplify the units of the expression on the right-hand side of the equation: • Units on both sides are gallons: Suggesting correct Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 10 Analyzing a Model T w o Va r i a b l e s T h a t A r e A p p r o x i m a t e l y L i n e a r l y R e l a t e d Example Yogurt sales (in billions of dollars) in the United States are shown in the table for various years. Let s be yogurt sales (in billions of dollars) in the year that is t years since 2000. A model of the situation = is: s 0.17t + 2.15 1. Use a graphing calculator to draw a scattergram and the model in the same viewing window. Check whether the line comes close to the data. Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 11 Analyzing a Model T w o Va r i a b l e s T h a t A r e A p p r o x i m a t e l y L i n e a r l y R e l a t e d Solution • Draw in the same screen using a graphing calculator • See Sections B.8 and B.10 Example Continued 2. What is the slope of the model? What does it mean in this situation? Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 12 Analyzing a Model T w o Va r i a b l e s T h a t A r e A p p r o x i m a t e l y L i n e a r l y R e l a t e d Solution y mx + b • s 0.17t + 2.15 which is of the form= = • Since m is the slope, the slope is 0.17 • Sales increase by 0.17 billion dollars per year Example Continue 3. Find the rates of change in sales from one year to the next. Compare the rates of change with the results in Problem 2. Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 13 Analyzing a Model T w o Va r i a b l e s T h a t A r e A p p r o x i m a t e l y L i n e a r l y R e l a t e d Solution • Rates of change are shown in the table – all are close to 0.17 Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 14 Analyzing a Model T w o Va r i a b l e s T h a t A r e A p p r o x i m a t e l y L i n e a r l y R e l a t e d Example Continue 4. Predict the sales in 2010. Solution • Substitute the input of 10 for t: Property If two quantities t and p are approximately linearly related, and if p depends on t, then the slope of a reasonable linear model is approximately equal to the average rate of change of p with respect to t. Section 2.4 Lehmann, Intermediate Algebra, 4ed Slide 15