For the years between 1990 and 2009, the regression equation yˆ=0.15x+3.95 models the minimum wage, where x is the number of years after 1990.

Which statement is the best interpretation of the slope? Which statement is the best interpretation of the y-intercept? Select both correct responses.

Question 3 options:

The minimum wage increased by $0.15 per year.

The minimum wage in 1990 was $4.10.

The minimum wage increased by $0.15 every 4 years.

The minimum wage in 2000 was $3.95.

The minimum wage in 1990 was $0.15.

The minimum wage increased by $3.95 per year.

The minimum wage in 1990 was $3.95.