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Question
the cost to rent a paddle boat at the state park is $5 per hour plus a flat fee of $7 to cover the cost of any necessary life jackets. use this information to match the following statements below. 24. what would the flat fee represent? drag and drop the correct choice into the blank spaces above slope x - intercept rate of change y - intercept
The flat fee is a fixed cost that does not depend on the number of hours rented. In a linear cost model $y = mx + b$, where $y$ is total cost, $m$ is hourly rate, $x$ is hours, $b$ is the fixed flat fee, $b$ corresponds to the y-intercept (the value of $y$ when $x=0$, i.e., cost when renting for 0 hours).
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y-intercept