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 this context, the slope of the equation y=1.50x+20 represents the amount you are paid for each phone that you assemble. This means that for every phone you assemble, you earn $1.50.
The y-intercept of the equation, which is 20 in this case, represents the amount of money you would earn even if you did not assemble any phones. This fixed amount of $20 represents your base pay for working on the production line.
Overall, the equation y=1.50x+20 can be used to calculate the total amount of money you will earn based on the number of phones you assemble.