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 ($) 2.65 2.90 3.35 3.80 4.25 4.75 5.15 5.85 6.55 7.25 (a) Write the least squares regression equation that models the data. Let x = time in years since 1900 and let y = minimum hourly wage. (b) Use the equation to estimate the minimum hourly wage of a U.S. worker in 2025. Show your work.
The table shows the minimum wage rates for the United States during different years. Year 1978 1979 1980 1990 1991 1996 1997 2007 2008 2009 Minimum hourly wage ($) 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.
MATLAB: An Introduction with Applications
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Author:Amos Gilat
Publisher:Amos Gilat
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I need help with this math problrm in the photo!
![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 ($) 2.65 2.90 3.35 3.80 | 4.25 4.75 5.15 5.85 6.55 7.25
(a) Write the least squares regression equation that models the data. Let x = time in years since
1900 and let y = minimum hourly wage.
(b) Use the equation to estimate the minimum hourly wage of a U.S. worker in 2025. Show your
work.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6f27fa5-ba40-4a2f-bd79-947e4c919f6e%2Fe192f64e-ab07-4509-9665-dce491de6559%2Fufu4j9s_processed.png&w=3840&q=75)
Transcribed Image Text:The table shows the minimum wage rates for the United States during different years.
Year
1978 1979 1980 1990| 1991 1996
1997 2007 2008 2009
Minimum hourly wage ($) 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.
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