$0.5
Step-by-step explanation:
Given :
Hours ___Lot A Cost ($) ___ Lot B Cost ($) 419.00 20.00
8 33.00 32.00
Using the equation :
y = mx + C
m = slope = Hourly charge
C = intercept = set park fee
m = y2 - y1 / x2 - x1
For LotA:
m1 = (33 - 19) / (8 - 4)
m1 = 14 / 4
m1 = 3.5
For LotB:
m2 = (32 - 20) / (8 - 4)
m2 = 12 / 4
m2 = 3
Since, m is the hourly cost :
Difference = m1 - m2
= 3.5 - 3
= $0. 5