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Can anyone please solve this for me? It would make my day I’ve been struggling on it all day long :)

Can anyone please solve this for me? It would make my day I’ve been struggling on-example-1
User MrKelley
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1 Answer

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We can see that the y intercept is: 7

The slope is 0 ,7 and the line pass throught (18, 16)

So:

m=(16-7)/(18-0) = 0.5

Finally we get that the equation of the line that best fit to the data is: y=0.5x+7.

And now we are going to find the pay rate at t = 10 years: y=0.5(10)+7=5+7=12, so the pay rate at 10 years is aproximately 12usd.

User YUKI
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