Question

A small company did an analysis of their pay scale versus years of experience and found that the line of best fit was y = 2035.6x + 36,000. What does the 36,000 mean in context of the problem?

Answer 1

This is the starting point of the salaries. Nobody in the company makes less than $36,000 a year. On the graph it will be at point (0, 36000) which is on the y axis.

Explanation: