Oliver Received a Pay at the End of the Month

question 64

Essay

Oliver received a pay at the end of the month of $4 303.00 in June 2016, working 6 hours a day, and a total of 20 days in the month. Included in the pay is a bonus of $243. What is Oliver's hourly rate of pay? Round to the nearest cent.

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Definitions:

Constant

A value that does not change and remains the same in mathematical equations, experiments, and various scientific contexts.

Regression

A statistical technique employed to identify the intensity and nature of the connection between a single dependent variable and one or more independent variables.

Scatterplot

A graphical representation that displays the relationship between two quantitative variables by using dots.

Correlation

A statistical measure that describes the extent to which two variables change together, indicating the strength and direction of their relationship.