An economist is interested in the relationship between x = number of job changes and y = annual salary (in dollars) for
Posted: Wed May 11, 2022 8:42 am
An economist is interested in the relationship between x =
number of job changes
and y = annual salary (in dollars) for people living in the Orlando
area. It was found that the relationship between job changes and
annual salary is: 𝑦̂ = 42,980 + 1851𝑥. What is the slope and
what does the slope mean in the context of this problem?
A) Slope = 1851;
For each additional job change, the annual salary decreases by
$1851.
B) Slope = 1851;
For each additional job change, the annual salary increases by
$1851.
C) Slope = 42,980;
For each additional job change, the annual salary decreases by
$42,980.
D) Slope = 42,980;
For each additional job change, the annual salary increases by
$42,980.
number of job changes
and y = annual salary (in dollars) for people living in the Orlando
area. It was found that the relationship between job changes and
annual salary is: 𝑦̂ = 42,980 + 1851𝑥. What is the slope and
what does the slope mean in the context of this problem?
A) Slope = 1851;
For each additional job change, the annual salary decreases by
$1851.
B) Slope = 1851;
For each additional job change, the annual salary increases by
$1851.
C) Slope = 42,980;
For each additional job change, the annual salary decreases by
$42,980.
D) Slope = 42,980;
For each additional job change, the annual salary increases by
$42,980.