2) At a large company, the salary, in thousands of dollars, of their employees who have a bachelor's degree can be modeled by the equation S = 58.6 + 1.85x where x is the number of years the employee has worked at the company. a) What is the slope of the model? Explain its meaning in the context of the situation. b) What is the vertical intercept? Explain its meaning in the context of the situation. c) After how many years of employment would an employee with a Bachelor's degree expect their salary to be $70,000? d) Suppose r = .935. Explain what this tells us about the salary and the number of years worked?

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Question 2 A-D
2) At a large company, the salary, in thousands of dollars, of their employees who have a bachelor's degree can
be modeled by the equation S = 58.6 + 1.85x where x is the number of years the employee has worked at the
company.
a) What is the slope of the model? Explain its meaning in the context of the situation.
b) What is the vertical intercept? Explain its meaning in the context of the situation.
c) After how many years of employment would an employee with a Bachelor's degree expect their salary to
be $70,000?
d) Suppose r = .935. Explain what this tells us about the salary and the number of years worked?
Transcribed Image Text:2) At a large company, the salary, in thousands of dollars, of their employees who have a bachelor's degree can be modeled by the equation S = 58.6 + 1.85x where x is the number of years the employee has worked at the company. a) What is the slope of the model? Explain its meaning in the context of the situation. b) What is the vertical intercept? Explain its meaning in the context of the situation. c) After how many years of employment would an employee with a Bachelor's degree expect their salary to be $70,000? d) Suppose r = .935. Explain what this tells us about the salary and the number of years worked?
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