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
In the given equation of the trend line, y = 1.50x + 20, the slope (1.50) represents the additional amount earned for each phone assembled. This means that for every phone assembled, the worker earns an additional $1.50.
The y-intercept (20) in this context would represent the base pay, which is the amount earned regardless of the number of phones assembled. In this case, the base pay is $20 per day.
In the equation y = 1.50x + 20, "y" represents the total daily pay, and "x" represents the number of phones assembled.
Interpreting the slope (1.50): The slope of the equation (1.50) indicates the amount of additional pay per phone assembled. In this case, for every phone assembled, you will earn an additional $1.50.
Interpreting the y-intercept (20): The y-intercept of the equation (20) represents the fixed daily pay you receive regardless of the number of phones assembled. Even if you don't assemble any phones, you will still earn $20 a day.