Tom has just received a new job offer. He is told that his starting salary will be $75,000 per year. He is also told that his salary will probably be $83,000 in four years. We will use this data to try and anticipate his future earnings in any given year. Assume that y = Tom’s salary amount in dollars and x = the number of years worked. 1. Use the data given to find the rate of change, or the salary increase per year. (Hint: compute the slope.) We are now going to use a line to model Tom’s salary growth. 2. Use the data given and the slope value from Step 1 to write the slope-intercept form of the line. Based on your equation from Step 2 what will Tom’s salary be in ten years?
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Submitted by PROFSTAN on July 15th, 2017 14:37
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