jcanasiwebber jcanasiwebber

14-05-2024
Mathematics

Answered

The table shows the minimum wage rates for the United States during different years.
Year
1978
1979
1980
1990
1991
1996
1997
2007
2008
2009
Minimum hourly wage ($)
2.65
2.90
3.35
3.80
4.25
4.75
5.15
5.85
6.55
7.25

(a) Write the least squares regression equation that models the data. Let x = time in years since 1900 and let y = minimum hourly wage.
(b) Use the equation to estimate the minimum hourly wage of a U.S. worker in 2025. Show your work.
Answer:

Answer :

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