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58. Piece-rate systems are widely debated incentive payment plans. In a recent study of loan officer effectiveness, the following piece-rate system was examined: If a

58. Piece-rate systems are widely debated incentive payment plans. In a recent study of loan officer effectiveness, the following piece-rate system was examined:

If a loan officer makes 95% of his or her goal, write the linear function that applies based on the incentive plan table. In context, explain the y-intercept and slope.

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$4.000 with an additional $6,500 with an additional $125 $9.500 with an additional $125 $125 added per percentage added per percentage point added per percentage point paint from 8199% from 101119% starting at 121%

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