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Can anyone help with this question!!

Can anyone help with this question!!-example-1
User Potter
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1 Answer

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26 votes

Answer:

A general linear equation is given by:

Where a is the slope and b is the y-intercept.

Here we will find that the linear equation that represents the situation is

And we can expect that the median salary in 2048 is $2.853 million

If the line passes through the points (x₁, y₁) and (x₂, y₂) then the slope can be written as:

Here we know that:

in 2007 (x = 7) the median player salary was y = $1.5 million

in 2013 (x = 13) the median player salary was y = $1.7 million.

Then we have two points that we can write as:

(7, 1.5)

(13, 1.7) Note that the y-value is in millions.

Then the slope of the linear equation will be:

So the linear equation is something like:

To find the value of b, remember the point (7, 1.5), this means that when we have x = 7, we also have y = 1.5, then we can replace these in the above equation:

Then the linear equation is:

b) Now we want to predict the median salary in 2048. For 2048 the x-value is x = 48

So we just need to evaluate this in the linear equation:

Then the median salary in 2048 will be $2.853 million

Explanation:

User Akinn
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