The scatter plot shows the number of years of experience, x, and the hourly pay rate, y, for each of 24 cashiers in Ohio. 20- 18- 16 14 12- Pay (in dollars 10- (per hour 24 10 11 12 Years of experience Use the equation of the line of best fit, y=0.93x+8.07, to answer the questions below. Give exact answers, not rounded approximations. (a) What is the predicted hourly pay rate for a cashier who doesn't have any experience? (b) For an increase of one year of experience, what is the predicted increase in the hourly pay rate? (c) What is the predicted hourly pay rate for a cashier with 5 years of experience?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
icon
Concept explainers
Question
The scatter plot shows the number of years of experience, x, and the hourly pay rate, y, for each of 24 cashiers in Ohio.
16-
** **
14-
12
Pay
(n dollars)
per hour
10-
2-
Years of experience
Use the equation of the line of best fit, y= 0,93x+ 8.07, to answer the questions below.
Give exact answers, not rounded approximations.
(a) What is the predicted hourly pay rate for a cashier who
doesn't have any experience?
(b) For an increase of one year of experience, what is the
predicted increase in the hourly pay rate?
(c) What is the predicted hourly pay rate for a cashier with
5 years of experience?
I Don't Know
Submit
O 2021 McGraw-Hill Education. AlI Rights Reserved. Terms of Use I Privacy -
étv
MacBook Pro
esc
The
2#
$
%
1
2
4
6.
7
8
Q
W
E
tab
Y
A
S
caps lock
F
shift
X
C
N
B
R
Transcribed Image Text:The scatter plot shows the number of years of experience, x, and the hourly pay rate, y, for each of 24 cashiers in Ohio. 16- ** ** 14- 12 Pay (n dollars) per hour 10- 2- Years of experience Use the equation of the line of best fit, y= 0,93x+ 8.07, to answer the questions below. Give exact answers, not rounded approximations. (a) What is the predicted hourly pay rate for a cashier who doesn't have any experience? (b) For an increase of one year of experience, what is the predicted increase in the hourly pay rate? (c) What is the predicted hourly pay rate for a cashier with 5 years of experience? I Don't Know Submit O 2021 McGraw-Hill Education. AlI Rights Reserved. Terms of Use I Privacy - étv MacBook Pro esc The 2# $ % 1 2 4 6. 7 8 Q W E tab Y A S caps lock F shift X C N B R
Expert Solution
Step 1

a) If a cashier does not have any experience then x=0.

For x=0, y=0.93(0)+8.07=8.07

So the predicted hourly pay is = $8.07

 

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Points, Lines and Planes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON