The setup fee for the cable service can be found by creating an equation using the given point and solving for the y-intercept. This y-intercept, in this context, represents the setup fee.
Firstly, we understand that the cost per month for the premium cable is $39.95. Considering this cost as a rate, we can say that the total monthly cost can be calculated by multiplying the number of months with the rate per month. The setup fee is a fixed cost, and thus it doesn't change with the number of months.
To find this setup fee, we need to find the y-intercept. In this situation, the y-intercept, denoted usually as b in the slope-intercept form equation y = mx + b, is the setup fee.
So let's solve it step-by-step:
So, the setup fee is found out by subtracting from the total cost of 6 months, the cost of the cable service for these 6 months.
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Answer:
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It should be A, B, C
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