The correct interpretation of the slope and y-intercept of the equation \( y = 1.50x + 20 \) is:
- The slope (1.50) means that, for every phone assembled (each unit increase in \( x \)), you receive an additional $1.50.
- The y-intercept (20) means that you receive $20 a day regardless of the number of phones produced (when \( x = 0 \)).
So, the proper response would be:
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.