The table gives the average annual U.S. wage from 2011 and projected through 2021. (a) Use linear

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The table gives the average annual U.S. wage from 2011 and projected through 2021.

(a) Use linear regression to find the best linear model for the wage as a function of the number of years after 2010. Report the model with four significant digits.

(b) Use the reported model to predict the average annual wage in 2025.

Year Wage ($) Year Wage ($) 2017 2011 43,009 55,989 58,698 2012 44,644 46,496 2018 2013 2019 61,179 2020 2014 48,595 50,

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 07:46 AM

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The table gives the average annual U.S. wage from 2011 and projected through 2021. (a) Use linear

Question:

Year Wage ($) Year Wage ($) 2017 2011 43,009 55,989 58,698 2012 44,644 46,496 2018 2013 2019 61,179 2020 2014 48,595 50,893 63,676 66,161 2015 2021 2016 53,317

Step by Step Answer:

a Use a graphi...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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