Underneath is a retirement system for a teacher.The formula is based on 1%*numbe
ID: 3211636 • Letter: U
Question
Underneath is a retirement system for a teacher.The formula is based on 1%*number of years of service*average monthly compensation*12=annual benefits
yrs of service average monthly salary annual retirement
15
4,000.00
7,200.00
20
4,250.00
10,200.00
25
4,600.00
13,800.00
30
5,000.00
18,000.00
35
5,500.00
23,100.00
40
6,000.00
28,800.00
45
6,000.00
32,400.00
Use linear regression to find the linear equation that best fits the data between yrs of service and annual retirement benefits. After finding equation find expected annual retirement benefits if retires after 42 yrs of service
15
4,000.00
7,200.00
20
4,250.00
10,200.00
25
4,600.00
13,800.00
30
5,000.00
18,000.00
35
5,500.00
23,100.00
40
6,000.00
28,800.00
45
6,000.00
32,400.00
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