So, the predicted hourly pay rate is $8.19. Note that this

Last updated: 7/11/2022

So, the predicted hourly pay rate is $8.19. Note that this value is equal to the y-intercept of the line of best fit. (b) For an increase of one year in experience, we want the predicted increase in the hourly pay rate. The slope of the line of best fit is 0.91. So for an increase of one year in experience, x, the predicted increase in the hourly pay rate, y, is $0.91. (c) We want the predicted hourly pay rate for a cashier with 5 years of experience. To get this, we let x = 5 in the equation y=0.91x+8.19. y=0.91(5)+8.19 = $12.74 So, the predicted hourly pay rate is $12.74.