Unit 3 Review for Final

Front

What is the Slope-Intercept Form of a linear equation?

Back

The Slope-Intercept Form is given by the equation y = mx + b, where m is the slope and b is the y-intercept.

Front

How do you convert a linear equation from Standard Form to Slope-Intercept Form?

Back

To convert from Standard Form (Ax + By = C) to Slope-Intercept Form (y = mx + b), solve for y in terms of x.

Front

What is the purpose of a budget?

Back

The purpose of a budget is to balance income, expenses, and savings.

Front

Define a 'want' in terms of budgeting.

Back

A 'want' is something you would like to have but don't need.

Front

Define a 'need' in terms of budgeting.

Back

A 'need' is something essential for living.

Front

Write the equation representing the total cost of T-shirts and hoodies if T-shirts are $15 each and hoodies are $20 each, and Jenny spent $150.

Back

The equation is 15x + 20y = 150, where x is the number of T-shirts and y is the number of hoodies.

Front

What does the variable 'x' represent in the equation 15x + 20y = 150?

Back

In the equation, 'x' represents the number of T-shirts purchased.

Front

What does the variable 'y' represent in the equation 15x + 20y = 150?

Back

In the equation, 'y' represents the number of hoodies purchased.

Front

What is the difference between fixed and variable expenses?

Back

Fixed expenses remain constant each month (e.g., rent), while variable expenses can change (e.g., groceries).

Front

What is an example of a fixed expense?

Back

An example of a fixed expense is a monthly rent payment.