Question

You work for a manufacturing company on a production line that manufactures cell phones. You are paid $20 a day plus $1.50 for each phone that you assemble. Interpret the slope. And y intercept of the equation of the trend line y = 1.50x + 20

Answer 1

In the given equation of the trend line, y = 1.50x + 20, the slope (1.50) represents the additional amount earned for each phone assembled. This means that for every phone assembled, the worker earns an additional $1.50.

The y-intercept (20) in this context would represent the base pay, which is the amount earned regardless of the number of phones assembled. In this case, the base pay is $20 per day.