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 ∙ , 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

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 ∙  , 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 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 ∙  , 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?

In the Table Below, the Amount of the U