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EQUATION A rule describing relationships between variables y = F (x) reads y is a function of x i.e. y depends upon x 2 FORMULAE - Enables us to calculate the value of one variable form the value(s) of one / more variable(s) Example: In y = F (x) y is the dependent variable x is the independent variable Examples Exam success (y) depends upon IQ (x) Illness (y) depends upon age (x) Lifetime income (y) depends upon educational qualifications (x) 4 TRY!! 1) If 47x + 256 = 52x. Find x? 2) If 1 = 5 . Find x? 3x + 4 2.7x – 2 3) Rearrange x = (12y – 10)2 in y term of x 4) Rearrange 4(2y – 3) + 2(x +4)=0 to get an expression for x in terms of y. 5 E.g. y = mx+ c Highest power (exponent) of the independent variable (x) is one This gives a straight line graph 6 y = mx + c y c )m 0 x 7 In the previous graph c = intercept, i.e. the value of y when x = 0 m = gradient, i.e. the slope of the straight line 8 Slope of a straight line (or curve at a point) Positive gradients: slope up from left to right (+ sign) Negative gradients: slope down from left to right (-) 10 Gradient = vertical distance horizontal distance (y2 – y1) (x2 – x1) 4cm 2c m 5 cm 5 cm a) b) Gradient = 2/5 = 0.4 (+) Gradient = 4/5 = 0.8 (-) 11 TRY!! 1) This is 2 point in straight-line graph: A (x=2, y=11) & B (x=4, y=21) Find the gradient. 2) Y= 4 -2x, the gradient is? 3) A company manufactures a product. The variable cost per unit is $5 and total fixed costs are $9. a. Find an expression for total cost(c) in terms of q, the quantity produced b. Determine the total costs if 100 units are produced 12 For the time being, we shall deal only with quadratic equations that can be factored (factorised). Using the fact that a product is zero if any of its factors is zero we follow these steps: (i) Bring all terms to the left and simplify, leaving zero on the right side. (ii) Factorise the quadratic expression (iii) Set each factor equal to zero (iv) Solve the resulting linear equations (v) Check the solutions in the original equation 13 14 Application in business: Need to find the price at which supply equals demand Break-even point The idea: Eliminate either x or y variable, whether by addition or subtraction, so that we are left with one equation with unknown variable. 15 Values of x and y which solve both equations at the same time Graph solution – where lines (represent equations) intersect 16 • Example – solve y = 3x – 1 and • Plot the line for each equation on a graph Use the values x = 0, 1, 2 and 3 Find the value of x and y where the two lines intersect • • 17 y 9 y=3x-1 5.7 x 0 -1 2.2 y 32 x 9 18 y= 3x + 16, 2y = x + 72 19