Children's World Toy Shop is an online toy store specializing in hand-made stuffed animals.Children's World sold 4,000 Donny the Dragon stuffed toys during April and 6,000 during May.Shipping costs for the two months were $12,000 and $16,800 respectively.Using these two months' data, the shipping cost function is best estimated as

Question

Quizplus · Accepted Answer

The shipping cost function can be determined by finding the slope (cost per toy) and y-intercept (fixed cost) from the given data. For April, with 4,000 toys sold and a shipping cost of $12,000, and for May, with 6,000 toys sold and a shipping cost of $16,800, we can calculate the slope as ($16,800 - $12,000) / (6,000 - 4,000) = $4,800 / 2,000 = $2.40 per toy. To find the y-intercept, we can use one of the months' data, for example, April's: $12,000 = ($2.40 × 4,000) + b. Solving for b gives us $12,000 = $9,600 + b, so b = $2,400. Thus, the shipping cost function is ($2.40 × number of toys sold) + $2,400.

Children's World Toy Shop Is an Online Toy Store Specializing