Let's break down the interpretation of the information given:
(b) Interpretation of the Slope
The slope of -0.5 means that for every year, the percentage of freshmen planning to major in Business decreases by 0.5%. This negative slope indicates a declining trend over time.
(c) Decrease in the Percent of Freshmen Planning to Major in Business
If the slope is -0.5 and you mention a decrease of 50%, we can calculate the number of years over which this decrease occurred.
Given that the total decrease is 50%, you can determine the number of years using the formula:
\[ \text{Number of Years} = \frac{\text{Total Decrease}}{\text{Decrease per Year}} \]
Substitute the values:
\[ \text{Number of Years} = \frac{50%}{0.5%} = 100 \text{ years} \]
This means that over a period of 100 years, the percent of freshmen planning to major in Business decreased by 50%, at a rate of 0.5% per year.
Summary
- The slope of -0.5 indicates a decrease.
- The percent of freshmen majoring in Business decreased by 50% over 100 years, at a rate of 0.5% per year.