Question: The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying
The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the slope of the line? The vertical intercept? Interpret the meaning of both the slope and the intercept. Write the equation that represents this line. What would you predict saving to be at the $12,500 level of income?
Income per Year Saving per Year
$15,000 ……………………. $1,000
0 ……………………. −500
10,000 ……………………. 500
5,000 ……………………. 0
20,000 ……………………. 1,500
.png)
$1500 1000 500 2 $5 10 15 20 Income (thousands) -500
Step by Step Solution
3.41 Rating (176 Votes )
There are 3 Steps involved in it
Income column 0 5000 10000 15000 20000 Saving column 500 0 500 1000 1500 Slope 0... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
252-B-E-M-E (1705).docx
120 KBs Word File
