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T-Mobile LTE 10:34 PM 3. The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful or- der and graph them on the accompanying grid. What is the slope of the line? The vertical intercept? Write the equation that represents this line. What would you predict saving to be at the $12,500 level of income? LO1.8 Income per Year $15,000 Saving per Year $1,000 -500 500 10,000 5,000 20,000 0 1,500 $1,500 Graph for Problem 3 1,000 0 $5 1020 Income (thousands) -500

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Answer 3)

The slope of the line is the ratio of total change of saving to the total change of income. It will be calculated as follows: 1,500-(-500) 2,000 20,000-0 20,000 -0.1The vertical intercept is the saving when income is zero, which is-500 here. The equation that represents this line is: s-a by slope. Substftuting a and D the above equation, we get: s-a +by -500 + 0.1 yWhen income is 12,500, saving will be calculated as follows: s_-500 + 0.1 y --500+0.1x 12,500 -$750The value cacuiated abowe s usraeds pont Alm Fgure 1 becm Figure 1: Saving and Income 2,000 1,500 1,000 500 0 5,000 10,000 15,000 20,000 25,000 -500 ф 1,000 Income

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