Table 6 gives the U.S. minimum wage in dollars for certain years. (a) Use the method of
Question:
Table 6 gives the U.S. minimum wage in dollars for certain years.
(a) Use the method of least squares to obtain the straight line that best fits these data.
(b) Estimate the minimum wage for the year 2008.
(c) If the trend determined by the straight line in part (a) continues, when will the minimum wage reach $10?
Transcribed Image Text:
Table 6 U.S. Federal Minimum Wage Year 2000 2005 2010 2016 Wage $5.15 $5.15 $7.25 $7.25
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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