2. Jacob currently has a summer job earning $8 per hour. Each summer he is guaranteed a
5% increase over the previous summer.
A. What is the initial value of Jacob's hourly rate?
B. By what number is his hourly rate multiplied each year?
Explain.
C. What function models Jacob's hourly rate, y, in year 1?_
Explain.

look at step by step

Step-by-step explanation:

A. the initial value of Jacob's hourly rate is the $8.

B. Hourly rate is multiplied by .05 (.05=5%) each year.

C.  it would be $8*.05 and his earning per hour in a year would be $8.40

If this is the question: "The interval estimate of the mean value of y for a given value of x is a. prediction interval estimate b. confidence interval estimate c. average regression d. x versus y correlation interval" then your answer is B

Step-by-step explanation: