an equation for the line of the best fit graph could be: y=1/4x+3 what does the slope 1/4 mean in context? what does the y intercept (0, 3) mean in context? answer choices: there is an increase of 1 million in revenue for every 4 units sold when 0 units are sold, the revenue is 3 million when 3 units are sold, the revenue is 0 million there is an increase of 4 million in revenue for every 1 unit sold use only the anwer choices and be correct
answer both 2 questions
The slope of 1/4 means that for every unit increase in the x-variable (units sold), the y-variable (revenue) increases by 1/4.
Thus, the correct choice for the meaning of the slope is: "There is an increase of 1 million in revenue for every 4 units sold."
The y-intercept (0, 3) represents the point where the line intersects the y-axis.
Thus, the correct choice for the meaning of the y-intercept is: "When 0 units are sold, the revenue is 3 million."