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.(1 point)ResponsesThe slope means that, for every 1.50 phones assembled, you receive $1. The y-intercept means that you receive $20 a day regardless of the number of phones produced.The slope means that, for every 1.50 phones assembled, you receive $1. The y -intercept means that you receive $20 a day regardless of the number of phones produced.The slope means that, for every 20 phones assembled, you receive $1.50. The y-intercept means that you receive $20 a day regardless of the number of phones produced.The slope means that, for every 20 phones assembled, you receive $1.50. The y -intercept means that you receive $20 a day regardless of the number of phones produced.The slope means that, for every phone assembled, you receive $20. The y-intercept means that you receive $1.50 a day regardless of the number of phones produced.The slope means that, for every phone assembled, you receive $20. The y -intercept means that you receive $1.50 a day regardless of the number of phones produced.The slope means that, for every phone assembled, you receive $1.50. The y-intercept means that you receive $20 a day regardless of the number of phones produced.