Algebra Tutorial-Linear Graphs
Algebra Tutorial-Linear Graphs
Consider this. If the price of a commodity increases, ususally its demand or sales drop.
S= a- bP
We know that for any straight line, we put in two 'constants' in the equation.Here the constants are:
A ,intercept
and B , the slope
Let us plot this equation: To draw a graph, we need points on the straight line.We ge
forming a small table.This is always a useful practice.
P S
0 100000
10 99200
20 98400
30 97600
We have four points on the straight line.
Note: we can draw a straight line with only tow points.But it
to check th eline.With two point ,if we make mistake incalcu
Now let us draw this line using Excel spreadsheet program. Sales versus Price
100000
P S 99750
0 100000 99500
10 99200 99250
99000
20 98400
sales
98750
30 97600 98500
98250
98000
97750
97500
0 2.5 5 7.5 10 12.5 15 17.5 20 22.5
Price
99750
99500
99250
99000
sales
98750
98500
98250
98000
97750
97500
0 2.5 5 7.5 10 12.5 15 17.5 20 22.5
Price
Note that the inrecept at price =0 is 100000. This ahs mathematical meaning.It has no physical meaning
there is no sales to speak of---unless we are including charity and gifts---well that is not business!
What is slope? It is just the RATE of drop in slaes when price goes up bu one unit--in this case,a thousa
When price incresease from 10 to 20 thousand dollars,sales drops from 99200 to 98400.
This line has negative slope: As P increases S decreases. The line goes downhill.
Let us see an example. John finds that the weight of his son , James, is increasing from the bir
Let us set up an equation and plot the graph:
The equation would be : weight W = 8 + 0.5 T
where W is the weight of the baby-boy in Lbs and T is the time in months.
Here in mathematical terms, intercept a = 8 , the birth weight ar the weight at time T =0
The slope is the rate of increase which is b = 0.5 ; this slope is positive. As T increases, W
4 10 10
6 11 9.5
8.5
8
0 1 2 3 4 5
Age (months)
It is important to label the two axes-- X and Y with the quantities markes---here age and weight.You can
y
1.25
1
0.75
0.5
0.25
0
0 1 2 3 4 5 6 7 8
x
Study the two examples of line with postive slope and negative slope.
Line with zero intercept
Let us see an example. Bill sells ice cream cones at the rate of $1.99 for each cone.His revenue depen
Revenue R = 1.99 x N $
Here the slope is positive and equal to N. Revenue versus Sales
Let us plot this equation: 8
7
N R 6
Revenue ($)
0 0 5
1 1.99 4
2 3.98 3
4 7.96 2
1
0
0 0.5 1 1.5 2 2.5 3
N (# sold)
Application Problems
1 A boat goes at the constant speed of 30 miles per hour. If the boat is at a distance of 20 miles from the
Distance from the shore D = 20 + 30 x T where T is the time in hours.
This is a straight line graph of distance versus time. {Time in the X axix and distance Y axis.
2 A glucose-control drug is given to a patient which decreases in effect at the rate of 5 % every hour.
Draw the effect of drug which is 100% at time t=0 with passage of time.
Effect = 100 - 5 x t where t is in hours.
3 Amanda bakes ckaes and sells them at a local store. She has spent $200 for equipment needed for he
Set up the equations for her cost and revune and plot and analyse the results as to the profit/loss she wi
We can plot bothe the straight lines ina chart and analyse.
N C R Revenue-Cost Relation
0 200 0 600
100 230 150
500
200 260 300
Cost or Revenue
400 320 600 400
300
200
100
0
0 25 50 75 100 125 150 175 200 225
N Number mad
Business Analysis From the graph, we see that the cost line and revenue line cut each other at N= 1
If Amanada is able to sell more than 167 cakes ,she will make profit.In fact she be
Profit or loss = R - C = 1.5 N - (200 + 0.3 N)
This line represents profit or loss versus N,number sold.
Plot this also in the same graph for practice.
To Sum Up:
We have written equations of straight lines with positive slope,negative slope and also equations with no
We have seen several examples to set up such equatuions and to extract useful information for decision
The business example illustrates a practical apporach using graphs.
ere the constants are:
It has no physical meaning because when price is zero,, there cannot be any sales as
that is not business!
s, is increasing from the birth weight of 8 Lbs at the rate of ).5 lbs every moth. Plot the graph and predict Jmases weight when Janmes rea
e weight at time T =0
ositive. As T increases, W increases too.
W (lbs)
2 3 4 5 6
Age (months)
e age and weight.You can also write the units inbrackets as I have shown…These are 'good habits' to learn.!
4 5 6 7 8 9 10
x
ch cone.His revenue depends on the number of cones sold.Let n be the number of cones he sells.What is his revenue in mathematical term
stance of 20 miles from the shore, write the equation for the distance at any given time:
istance Y axis.
or equipment needed for her kitchen.The material and heating costs for making one cake is roughly 30 cents. She sells at the rate of $1.50 f
as to the profit/loss she will get.
Revenue-Cost Relation
75 100 125 150 175 200 225 250 275 300 325 350 375 400
N Number made
e sells at the rate of $1.50 for each cake to the store.If she
this point,called "break -even point", the revenue curve is above the cost curve .below this point,cost line is above revenue line.
ve revenue line.