--%>
Assignment Help - homework help

Depict the slope of the line

The given table contains data on the relationship among saving and income.  Rearrange these data in a meaningful order and graph them onto the accompanying grid. Depict the slope of the line?  And vertical intercept? Interpret the meaning of the slope and the intercept both. Write down the equation that represents this line. What would you calculate saving to be at the $12,500 level of income?

421_slope of the line.png

E

Expert

Verified

Income column:  $0; $5,000; $10,000, $15,000; $20,000. Saving column: $-500; 0; $500; $1,000; $1,500.  Slope = 0.1 (= $1,000 - $500)/($15,000 - $10,000). Vertical intercept = $-500. The slope illustrates the amount saving will rise for every $1 rise in income; the intercept illustrates the amount of saving occurring whereas income is zero. Equation: S = $-500 + 0.1Y (where S is saving and Y is income). Saving is $750 at the $12,500 income level.

   Related Questions in Finance Basics

  • Q : Have mergers influenced competition

    Have mergers influenced competition?Federal Reserve data illustrates that measured on the local level, where competition takes place; markets have in fact experienced more banking competition, not less, in the past decade.

    		•
  • Q : For banking services how competitive is

    For banking services how competitive is the market?Along with more than 7,000 banks and thrifts in the U.S., banking is one of the most competitive industries in the world. Assume the following characteristics of the American financial services

    		•
  • Q : Change in supply of money Normal 0

    Normal 0 false false

  • Q : Depict the slope of the line Normal 0

    Normal 0 false false

  • Q : What is means of correlation

    What does this mean while we say that the correlation coefficient for two variables is -1? What does it mean if this value were zero? What does it mean if it were +1?Correlation is calculated by the correlation coefficient, represented through t

    		•
  • Q : Assignments i want to write final state

    i want to write final state report. My state is Texas.

    		•
  • Q : Pitfalls when two companies merge Other

    Other than pricing, some pitfalls that consumers might have to deal with when two major companies merge.

    		•
  • Q : Explain Supplement-Schedule 7A

    Supplement (Schedule 7A): In such documents, for precedent year, authorized positions symbolize the number of real positions filled for that year. For present year, authorized positions comprise all regular ongoing positions accepted in the Budget Act

    		•
  • Q : Cyclically adjusted budget Normal 0

    Normal 0 false false

  • Q : Define Pooled Money Investment Board

    Pooled Money Investment Board (PMIB): The board included of the Director of Finance, State Treasurer, and the State Controller, the aim of which is to design an efficient cash management and investment program, employing all monies fl

    		•