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11Alexandr11
17 days ago
8

The equation of the linear regression line represents the relationship between the amount a person earns, x, and the amount save

d, y.
yˆ=0.01x+50

What does the slope of the line represent?



For every $100 a person earns, the savings increases by 1 cent.

For every $100 a person earns, the savings increases by $1.

For every $100 that a person earns, the savings decreases by $1.

For every $1 a person earns, the savings increases by $100.
Mathematics
2 answers:
lawyer [12.5K]17 days ago
6 0

Response:

The correct answer is Option B.

Explanation in detail:

The equation of the linear regression line illustrates the correlation between earnings and a person's savings.

y = 0.01x + 50

Or y=\frac{1}{100}x+50

This follows the structure of y = mx + c

Where y represents total savings

x stands for earnings

m is the slope of the line, representing the change in savings amidst the change in earnings

This means, m = 1/100, indicating that savings rise by $1 when earnings rise by $100

Thus, the slope conveys that for every $100 a person earns, the savings reflect an increment of $1.

This confirms that Option B is the response.

Inessa [12.5K]17 days ago
3 0
Hello! Did you happen to find the solution for this??
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