How do you use slope and intercept to model real-world scenarios?

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Slope and intercept are two key concepts in numeracy that help you understand how variables change in relation to each other. They are often used to model real-world scenarios, such as how the price of a product depends on the demand, or how the speed of a car affects the fuel consumption. In this article, you will learn how to use slope and intercept to create and interpret linear equations, graphs, and tables that represent real-world situations.