A small company did an analysis of their pay scale versus years of experience and found that the line of best fit was y = 2035.6x + 36,000. What does the 2035.6 mean in context of the problem? A) That employees on average earn $2035.60 per year. B) That if they had 2035.6 years of experience they would earn $0. C) That they should have 2035.6 years of experience in order to earn the most money. D) That for every year of experience they have their salary
Question
Answer:
The correct answer is D) for every year of experience they have their salary would increase by $2035.60.Explanation:
The equation y = 2035.6x + 36000 is written in slope-intercept form. Slope-intercept form is y=mx+b, where m is the slope and b is the y-intercept.
In our equation, m=2035.6 and b=36000. The slope is 2035.6.
The slope of a line is the rate of change of the line. It tells how much the function increases or decreases for every increase in the x-value. In our problem, x is the number of years of experience and y, the function, describes the total salary.
Since our slope is 2035.6, this means that the function, the salary, increases $2035.6 for every increase in x, the years of experience.
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