Using a manufacturing company on a production line that manufactures cell phone. You are paid 20$ a day plus 1.50 for each phone that you assemble. Intercept the slope and y-intercept of the equation of the trend line y=1.50+20.

Answer 1

In this scenario, the equation of the trend line is: y = 1.5x + 20

The slope of the trend line is the coefficient of x, which is 1.5. This means that for each phone assembled, you earn $1.50.

The y-intercept of the trend line is the value of y when x=0, which is 20. This represents the base pay of $20 that you receive per day.

Therefore, the slope is 1.5 and the y-intercept is 20 for the equation y = 1.5x + 20.