Using the line of best fit, what is the best approximation for the hourly rate of an individual with 8 years of experience?
A. $14
B. $12
C. $11
D. $10
To approximate the hourly rate of an individual with 8 years of experience using the line of best fit, I would need to know the specifics of the dataset you're referring to, including the correlation between years of experience and hourly rate. A line of best fit is typically derived from a scatter plot of all the known data points, showing the trend of how the dependent variable (in this case, hourly rate) changes with the independent variable (years of experience).
Without having the actual dataset or the equation of the line of best fit, I cannot provide a precise answer. However, if you have the graph or equation for the line of best fit, you can locate the point where 8 years of experience would fall on the x-axis (years of experience) and then follow up to the line of best fit. From there, you can go over to the y-axis (hourly rate) to see what the approximate hourly rate would be.
To give an answer based on actual data, please provide the equation of the line of best fit or additional details about the data points and their correlation. If you already have the equation of the line in the format y = mx + b (where m is the slope and b is the y-intercept), you can simply plug in 8 for the x-value to find the estimated y-value, which would be the hourly rate for someone with 8 years of experience.