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 2035.6 mean in context of the problem? A) That employees on average earn $2035.60 per year. B) That if they had 2035.6 years of experience they would earn $0. C) That they should have 2035.6 years of experience in order to earn the most money. D) That for every year of experience they have their salary

Answer 1

y = 2035.6x + 36,000


Average starting salary for someone with no experience is $36,000 (annually).

Salary increases by $2,035.60 for every year of experience the employee has.

Answer 2

D) That for every year of experience they have their salary

Explanation:

As company did analysis on pay scale versus years of experience.

And they found that the line of best fit was

y = 2035.6x + 36,000

Here y = Pay Scale

x = years of Experience

Thus, the equation of line of best fit shows employee gets minimum salary $36,000 and every year there is increment of $2035.6 as the number of year they have experience.

Hence, Option (D) is correct.