You work for a manufacturing company on a production line that manutactures cell phones. You are paid $20 a day plus $1.50 for each phone that you assemble. Interpret the slope and -intercept of the equation of the

trend line y = 1.50x + 20. (1 point)
• 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.
• The slope means that, for every 20 phones assembled, you receive $1.50. The -intercept means that you receive $20 a day regardless of the number of phones produced.
• The slope means that, for every phone assembled, you receive $20. The y-intercept means that you receive $1.50 a day regardless of the number of phones produced.
The slope means that, for every 1.50 phones assembled, you receive $1. The y-intercept means that you receive $20 a day regardless of the number of phones produced.

The correct answer is:

• 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.