sales team members\nthe equation for the line of best fit is y = 15,000x + 95,000. according to the…

sales team members\nthe equation for the line of best fit is y = 15,000x + 95,000. according to the equation, which of these statements is true?\na team members annual sales increase by about $95,000 for each year of experience.\na team members annual sales increase by about $15,000 for each year of experience.

sales team members\nthe equation for the line of best fit is y = 15,000x + 95,000. according to the equation, which of these statements is true?\na team members annual sales increase by about $95,000 for each year of experience.\na team members annual sales increase by about $15,000 for each year of experience.

Answer

Explanation:

Step1: Identify the slope - intercept form

The equation of a line is $y = mx + b$, where $m$ is the slope and $b$ is the y - intercept. In the given equation $y=15000x + 95000$, $m = 15000$ and $b=95000$.

Step2: Interpret the slope

The slope $m$ represents the rate of change. In the context of years of experience ($x$) and annual sales ($y$), the slope indicates how much the annual sales change for each unit increase in years of experience. Since $m = 15000$, for each additional year of experience ($x$ increases by 1), the annual sales ($y$) increase by $15000$.

Answer:

A team member's annual sales increase by about $15,000 for each year of experience.