Question of the Day May 27, 2020
The table below shows the minimum hourly wage, in U. S. dollars, for selected years since 1955.
Years
Since
0
5
10
15
20
25
30
35
40
45
50
1955 (x)
Minimum
75 1.00 1.25 1.45 2.00 3.10 3.35 3.80 4.25 5.15 5.15
Wage (1)
hts
1
Write the linear regression equation for this set of data, rounding all values to three decimal places. State the
strength and direction indicated by the correlation coefficient