Daniel owns a business consulting service. For each consultation, he charges $95 plus $70 per hour of work. A linear equation that expresses the total amount of money Daniel earns per consultation is y=70x+95. What are the independent and dependent variables? What is the y-intercept and the slope?

Select the correct answer below:

1. The independent variable (x) is the amount, in dollars, Daniel earns for a consultation. The dependent variable (y) is the amount of time Daniel consults. Daniel charges a one-time fee of $95 (this is when x=0), so the y-intercept is 95. Daniel earns $70 for each hour he works, so the slope is 70.

2. The independent variable (x) is the amount of time Daniel consults. The dependent variable (y) is the amount, in dollars, Daniel earns for a consultation. Daniel charges a one-time fee of $95 (this is when x=0), so the y-intercept is 95. Daniel earns $70 for each hour he works, so the slope is 70.

3. The independent variable (x) is the amount, in dollars, Daniel earns for a consultation. The dependent variable (y) is the amount of time Daniel consults. Daniel charges a one-time fee of $70 (this is when x=0), so the y-intercept is 70. Daniel earns $95 for each hour he works, so the slope is 95.

4. The independent variable (x) is the amount of time Daniel consults. The dependent variable (y) is the amount, in dollars, Daniel earns for a consultation. Daniel charges a one-time fee of $70 (this is when x=0), so the y-intercept is 70. Daniel earns $95 for each hour he works, so the slope is 95.