A theater manager graphed weekly profits as a function of the number of patrons and found that the relationship was linear. One week the profit was $11,328 when 1324 patrons attended. Another week 1529 patrons produced a profit of $13275.50.
I already found the formula and it is y = 9.5x - 1250
Question:
Interpret the slope and the y-intercept in terms of the problem.
Please help me with this. Do I just answer 9.5 is the slope and -1250 is the y-intercept? Or do I have to explain something more? Thank you.