Assume that a local company pays its employees 25 cents more per hour for each college credit earned during a given year.Consider two employees,one earning $10 per hour and having earned zero college credits and one earning $12 per hour and having earned eight college credits.What is the Y-intercept of the linear regression prediction equation?
A)2
B)8
C)10
D)12

Question

Quizplus · Accepted Answer

The Y-intercept of the linear regression prediction equation represents the predicted hourly rate for an employee with zero college credits. Therefore, for the employee earning $10 per hour and having earned zero college credits, the predicted hourly rate would also be $10. Thus, the y-intercept is $10.

Assume That a Local Company Pays Its Employees 25 Cents