SOLUTION: pay=0.05(sales)+120 (a) identify and (b) interpret the meaning of both the slope and y-intercept

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Question 62938: pay=0.05(sales)+120 (a) identify and (b) interpret the meaning of both the slope and y-intercept
Answer by 303795(562) About Me  (Show Source):
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The slope is the coefficient of the x value. In this case it is 0.05. The salesperson would earn a commission of 0.05 (or 5%) of the sales they are responsible for.
The y intercept is the number at the end of the equation. In this case it is 120. The salesperson would be on a retainer of $120 per week.