Mathematics, 10.11.2020 22:30 mhzperfect
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The following 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 equal time in years since 1900 and let y equal minimum hourly wage.
(b) Use the equation to estimate the minimum hourly wage of a US worker in 2025. Show your work
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The following table shows the minimum wage rates for the United States during diffe...
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