You work for a manufacturing company on a production line that manufactures cell phones you are paid $20 a day plus a $1.50 for each phone that you assemble interpret the slope and y-intercept of the equation of the trend line y = 1.5 x + 20

Question

You work for a manufacturing company on a production line that manufactures cell phones you are paid $20 a day plus a $1.50 for each phone that you assemble interpret the slope and y-intercept of the equation of the trend line y = 1.5 x + 20

Answer 1

The equation of the trend line is in the form of y = mx + b, where m is the slope and b is the y-intercept.

So, in this case, the slope (m) is 1.5, which means that for every phone you assemble, you will earn $1.50.

The y-intercept (b) is 20, which means that even if you don't assemble any phones, you will still earn $20 per day.

In summary, the slope of the equation represents the additional payment per phone assembled, and the y-intercept represents the base payment per day even if no phones are assembled.