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    A Real World Application of Linear Equations : Slope and Intercept Calculations - Women, Pay and Education

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    Real Life Application of Linear Equations: A mathematician has developed a model indicating a woman with x years of education can expect to earn y = 1200x + 6300 dollars a year.

    What is the y-intercept for this model? Describe what it means in terms of the model.

    What is the slope for the model? Describe what this means in terms of the variables modeled in the formula.

    How much can a woman with 16 years of education expect to earn per year?

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    Solution Preview

    These questions are all based on the y = mx + b linear algebra model, where m is the slope, and b ...

    Solution Summary

    Slope and intercept calculations are discussed for a real world application problem. The solution is detailed and well presented.