Solve the problem.
-In the table below, the amount of the U.S. minimum wage is listed for selected years. Find an exponential regression model of the form y = a ·bx, where y represents the U.S. minimum wage x years
after 1960. Round a and b to four decimal places. According to this model, what will the minimum wage be in
2005? In 2010?

Question

Solve the problem.
-In the table below, the amount of the U.S. minimum wage is listed for selected years.  Find an exponential regression model of the form y = a ·bx, where y represents the U.S. minimum wage x years
after 1960. Round a and b to four decimal places. According to this model, what will the minimum wage be in
2005? In 2010?

Quizplus · Accepted Answer

The Answer of Solve the problem.
-In the table below, the amount of the U.S. minimum wage is listed for selected years.  Find an exponential regression model of the form y = a ·bx, where y represents the U.S. minimum wage x years
after 1960. Round a and b to four decimal places. According to this model, what will the minimum wage be in
2005? In 2010?

Solve the Problem. -In the Table Below, the Amount of the U.S. Minimum