Question #5ab04

1 Answer
Mar 19, 2017

(a) "PayRate" = 1/2 xx "YearsOfExperience" + 8 " dollars"PayRate=12×YearsOfExperience+8 dollars
(b) "Predicted Pay Rate After 14 Years" = $15"/hour"Predicted Pay Rate After 14 Years=$15/hour

Explanation:

This looks as if it is a linear relation with

  • yy pay (in dollars per hour) at about 88 for xx (years of experience) equal to 00; and
  • rising to about y=18y=18 when x=20x=20.

This would give an equation with a y-intercept of 88 and
a slope of (Deltay)/(Deltax)=(18-8)/(20-0)=10/20=1/2

The slope-intercept form of the equation would be:
(a)color(white)("XXX")y = 1/2x+8

For an employee with x=14 years of experience, this would give a predicted hourly rate (in dollars):
(b)color(white)("XXX")y=1/2 * 14 + 8 =15