Determine the equation of the line

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Reference no: EM13204334

You sell premium toasters and are making a pricing decision. At a price of $100 (or "p = $100") you predict that you can sell 30 of these premium toasters at your Scottsdale, Arizona location. If the price is raised to $110 you predict that you can sell 25 of these premium toasters at your Scottsdale, Arizona location. Find the equation of the line and you can write your answer in the following form: p = mx + b. Normally in this class, you would probably use the "y = mx + b" format. You are basically substituting the variable "y" with "p". (20% of grade)
P=100+110
X=30

Reference no: EM13204334

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