Definition of Linear Functions
A linear function is a simple mathematical model used by economists and mathematicians. When this model is graphically represented, it makes a straight line. Due to this characteristic, this model is easy to handle and understand by experts. The linear function consists of simple constants and one independent and one dependent variable.
Formula of Linear Function:
y=mx + b
where
y= dependent variable
x= independent variable
b= constant term
m= coefficient of the independent variable which determines the rate of change in y.
View More Management Science Definitions
Related Questions of Linear Functions
Suppose that log1y2 follows a linear model with a linear form of
What do all members of the family of linear functions f(
a. Find an equation for the family of linear functions with
What do all members of the family of linear functions f(
Let f and t be linear functions with equations f(x
Suppose you are asked to design the first ascent and drop for
In the VanBuren machine replacement problem, we assumed that the maintenance
Let and be linear functions with equations f (x) =
In Example, quantity of compact discs was related to price and
Consider the function f(x) = x3/2 with
Show All
