Linear & Quadratic Models?

Question

You are applying to 2 different jobs with the same starting pay. One company uses a linear model to increase wages, one company uses a quadratic model.

x=# of years at the job
y= current pay

what are some examples of linear & quadratic models for this?

Answer 1

if y=x^2 (quadratic model) the pay will increase gradually at first and then greatly at the end

if y=x (linear) there will be a linear increase in the pay

Answer 2

I'd take the linear model job. Chances are you would move on or be fired from the quadratic model job before it paid off. If there was a company offering that model, I'd be suspicious that they were just using it as an excuse to not give very big raises.

Answer 3

Quadratic entails to the second power. The model would have the following structure: Y = aX^2 + bX + Constant

The linear model would look like this: Y = aX + Constant.

In reality compensation models have a much simpler structure, which looks more like this:

Y = Starting pay (1.04)^X. This simply means that your starting pay increases by about 4% per year.

Answer 4

If there's a one-to-one correspondence interior the climate in 2 units of archives, the form is linear, else it truly is non-linear, a quadratic being one in all a limiteless sort of non-linear fashions. ...