The psychology club is having a self-proclaimed psychic come to their campus fund-raising event to demonstrate his abilities. He charges $200 for these events, and the club is charging $1.50 for tickets with a chance to have the psychic read the ticket holder’s mind.
Let x represent the number of tickets sold and y represent money in a linear model which can be used to estimate the profit or loss based upon the number of tickets sold.Write this linear model in the form y = mx + b.