The product we have chosen to make are customized homemade throw pillows. To start producing the amount of money it would take is $15 to gather all the materials and to produce 3 pillows. If we sell each pillow for $10, we would make $30 and minus the $15 starting cost, our net profit would be $15. The Question I am attempting to answer is the intercept a and slope b, leaving me with an equation for our product:

As the manager of your product, you are in the best position to provide a best professional guess for intercept “a”, and slope “b”. Describe the process by which you estimated intercept “a”, and slope “b”. This description crucially depends on fully understanding what these parameters mean and imply. Feel free to interpret and describe them for your product. Simply stating that the numbers are the intercept and slope will not give you any credit. Feel free to round the number so that you can work with it easily and that your calculations don’t get overly complicated.

Once you have specified these parameters, please be sure to explicitly write your equation.

Answer rating: 100% (QA)

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