Question

An employee compiled sales data for a company once each month. The scatter plot shows the sales for the company over time. The equation represents the linear model for this data.

y = 0.94x + 12.5 According to the model, what was the company's sales when the employee began collecting data?
A$5000
B $12,500
C $20,000
D $35,000
E $45,000

Answer 1

b. 12500. basically the y-intercept

Answer 2

B $12,500

Explanation:

The amount when data collection was first begun is the amount when the independent variable, x, is 0. This is also the y-intercept.

The equation for the model is in slope-intercept form, y=mx+b, where m is the slope and b is the y-intercept.

In this equation, the value for b is 12.5; this means that the amount at the start of data collection is 12.5(1000), or 12,500.