Adam calculates his annual salary (base pay and commission), y, using the model y=0.28x+38,000y=0.28x+38,000, where x represents his total sales for the year.(5 points) Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse. 1) What is the y-intercept? Response area 2) What does the y-intercept mean in context? Response area 3) What is the slope? Response area 4) What does the slope mean in context? Response area 5) If Adam made $45,000 total annual salary, how much was his total sales?
1) What is the y-intercept?
Response area: 38,000
2) What does the y-intercept mean in context?
Response area: The y-intercept represents Adam's base salary, which is $38,000.
3) What is the slope?
Response area: 0.28
4) What does the slope mean in context?
Response area: The slope represents the commission rate Adam receives for his sales. It is 0.28, which means he earns 28 cents in commission for every dollar of sales.
5) If Adam made $45,000 total annual salary, how much was his total sales?
Response area: First, we subtract the base salary from the total salary: $45,000 - $38,000 = $7,000. Then, we divide this commission amount by the commission rate to find the total sales: $7,000 / 0.28 = $25,000. Therefore, Adam's total sales for the year were $25,000.