Answer: A and B Are Correct Models
Explanation:
A. "The slope is $0.55 and is the amount of the pay raise each year."
This statement is accurate. The slope represents the rate of change in pay rate with respect to years of experience. In this case, the pay rate increases by $0.55 for each additional year of experience.
B. "The y-intercept is $9.70 and is the starting hourly rate of pay."
This statement is accurate. The y-intercept represents the starting point of the pay rate when years of experience are 0. In this case, it's the starting hourly rate of pay, which is $9.70.
C. "The slope is $9.70 and is the number of years of experience."
This statement is not accurate. The slope represents the change in pay rate per year, and it is $0.55, not $9.70. $9.70 is the y-intercept.
D. "The y-intercept is $0.55 and is the hourly rate of pay."
This statement is not accurate. The y-intercept is $9.70, which is the starting hourly rate of pay, not $0.55.
So, the correct statements are A and B.