An economist creates a scatter plot comparing years of experience to yearly salary (in dollars) at a particular company. The tre
nd line through the data can be described by the equation y = 4,000x + 20,000. What is the initial value and what does it mean?
Question 1 options:
4000; For their every year of experience an employee has, their salary goes up by this amount.
20000; Regardless of how much experience an employee has, this is the minimum amount the employee will earn at this company.
4000; Regardless of how much experience an employee has, this is the minimum amount the employee will earn at this company.
20000; For their every year of experience an employee has, their salary goes up by this amount.
Question 2 (1 point)
An economist creates a scatter plot comparing years of experience to yearly salary (in dollars) at a particular company. The trend line through the data can be described by the equation y = 4,000x + 20,000.
If someone has a yearly salary of $52,000, to the nearest whole year, how many years of experience do they have?
