The minimum hourly wage in a particular country has grown over the years, as shown in the table. a) Find the regression line, y = mx + b. b) Use the regression line to predict the minimum hourly wage in 2021. c) By 2024 the minimum hourly wage will be $18.00. Is the estimate of this future value provided by the regression line accurate? a)y=x+ (Round to five decimal places as needed.) Number of Years, x, since 2014 2 5 Minimum Hourly Wage 9.00 10.00 10.50 12.00 13.50
The minimum hourly wage in a particular country has grown over the years, as shown in the table. a) Find the regression line, y = mx + b. b) Use the regression line to predict the minimum hourly wage in 2021. c) By 2024 the minimum hourly wage will be $18.00. Is the estimate of this future value provided by the regression line accurate? a)y=x+ (Round to five decimal places as needed.) Number of Years, x, since 2014 2 5 Minimum Hourly Wage 9.00 10.00 10.50 12.00 13.50
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....
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