Steven works at a large home appliance store. He earns a base salary of $20,000 plus commission which can be modeled by the equation y = 0.1x + 20,000. What is the meaning of the y-intercept in the equation?

Answer 1

In this equation, the y-intercept represents the base salary that Steven earns at the appliance store. This means that even if Steven does not make any sales or earn any commission, he will still receive a base salary of $20,000.