Question
Adam calculates his annual salary (base pay and commission), y, using the model y=0.28x+38,000
What is the slope?
What is the slope?
Answers
Answer
what does the slope mean in context? whats the Y intercept? what does the Y intercept mean in context?
Answered by
GPT 3.5
The slope is 0.28.
Answered by
GPT 3.5
In context, the slope (0.28) represents the commission rate per dollar of sales (x). It indicates that for every dollar increase in sales, Adam's salary will increase by $0.28.
The y-intercept is 38,000. In context, it represents the base pay component of Adam's annual salary. It indicates that even if Adam makes no sales (x = 0), he will still receive a base salary of $38,000.
The y-intercept is 38,000. In context, it represents the base pay component of Adam's annual salary. It indicates that even if Adam makes no sales (x = 0), he will still receive a base salary of $38,000.
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