As mentioned in the exercise,
The slope is a measure of how steep the line is, while the intercept is a measure of where the line hits the y-axis.
The equation of a line is
y = mx + b
// m: Slope
// b: y-intercept
In the exercise, we have been provided initial values of m = 8
and b = 40
and have been asked in Step 3 to experiment with these value so that the line matches the revenue data. So, our initial equation of line is:
y = 8x + 40
Look at three situations:
- Situation 1: Keep
m
(slope) fixed, but change b
(y-intercept)
If you don’t change slope, then the steepness of the line remains unchanged. Changing the y-intercept just moves the line up and down while preserving the steepness. For example,
y = 8x + 60
will shift the line up so that it intercepts the y-axis at a value of 60
, but steepness remains unchanged.
y = 8x + 10
will shift the line down so that it intercepts the y-axis at a value of 10
, but steepness remains unchanged.
y = 8x - 30
will shift the line down so that it intercepts the y-axis at a value of -30
, but steepness remains unchanged.
y = 8x + 0
will shift the line so that it intercepts the y-axis at a value of 0
i.e. it passes through the origin of the axes, but steepness remains unchanged.
- Situation 2: Change
m
(slope), but keep b
(y-intercept) fixed
If y-intercept is fixed, then we aren’t moving the line up and down. Instead, changing the slope means the steepness of the line is changed. For example,
y = 25x + 40
will intersect the y-axis at a value of 40
, but it will rise sharply as we go from left to right along the x-axis (steeper line).
y = 2x + 40
will intersect the y-axis at a value of 40
, but it will rise less sharply as we go from left to right along the x-axis (less steeper line).
y = -3x + 40
will intersect the y-axis at a value of 40
, but it will slant downwards as we go from left to right along the x-axis.
y = 0x + 40
will intersect the y-axis at a value of 40
, and since slope/steepness is 0
, so it will be a horizontal line.
- Situation 3: Change
m
(slope), and change b
(y-intercept)
This will change both the steepness of the line and the point where y-axis is intersected. Both the shape (steepness) of the line as well as the y-intercept (moving line up and down) are being changed. For Example,
y = 3x + 15
will intersect the y-axis at a value of 15
and the slope of the line will be 3
In the exercise, you are expected to experiment with values of m
and b
(i.e. by changing the steepness of the line and moving it up and down) so that the line matches the revenue data.
A visual experiment will be much more instructive than what I wrote. So, I suggest you do the following:
-
Go to an online graphing calculator (https://www.desmos.com/calculator)
-
Enter an equation such as y = 2x + 11
. A line will appear. You can zoom in and out to get a clearer picture.
-
Now experiment with different values of m
and b
. What happens if you type in y = 2x + 30
or y = 2x - 5
or y = 4x + 11
or y = 16x + 11
or ...
? See how different values of m
change the steepness of the line, but doesn’t change the y-intercept. Observe how changing b
moves the line up and down, but doesn’t affect steepness. When both m
and b
are changed, then both changes happen together.