Question

1. craft fair profits

the equation for the line of best fit is $y = 14.7x - 74.6$. according to the equation, which of these statements is true?
artists can expect to have a profit of $0 by selling about 15 items.
artists who dont make any sales can expect to lose about $75.

Explanation:

Step1: Test $0 profit scenario

Set $y=0$, solve for $x$:
$0 = 14.7x - 74.6$
$14.7x = 74.6$
$x = \frac{74.6}{14.7} \approx 5.07$

Step2: Test 0 sales scenario

Set $x=0$, solve for $y$:
$y = 14.7(0) - 74.6 = -74.6 \approx -75$

Answer:

Artists who don't make any sales can expect to lose about $75.