c. The slope equals the change in the value of the variable measured on the vertical axis,
income, divided by the change in the value of the variable measured along the horizontal
axis, the number of books. Between $50,000 and $70,000 of income, the number of books
purchased increases from 14 to 16. Hence income increases by $20,000 and the number of
books increases by 2, so the slope equals
$20,000/2 = 10,000.
d. As with the previous answer, the slope equals the change in income divided by the
change in books. Between $90,000 and $110,000 of income, the number of books
purchased increases from 18 to 20. Hence income increases by $20,000 and the number of
books increases by 2, so the slope equals $20,000/2 = 10,000.
e. The slopes in parts (c) and (d) are equal. But, they must be equal because the
relationship between Katie’s income and the number of books she purchases is linear. For a
linear relationship, the slope is the same regardless of where it is measured.
Skill: Level 3: Using models
Section: Chapter 1 Appendix – Checkpoint 3
Status: Old
AACSB: Analytical thinking
137