Question

The data below shows the minimum wage requirement

Answer 1

Answer:

We select the option c.

$y=0.114x+0.691$

Step-by-step explanation:

Best Fit Regression Model

Scientists often wonder if there is a relationship between the variables under study. It's a vital matter in modern times where artificial intelligence technology is struggling to find answers where traditional approaches hadn't before.

The most-used tool to find relations between variables is the regression model and its best fit lines to try to find an expression who relates variable x (years from 1960) and variable y (minimum wage requirement) as of our case.

The data was entered into a digital spreadsheet and an automatic function was applied to find the best-fit model.

The automated tool's output was this equation:

$y=0.11363x+0.6906$

That can be rounded to three decimals

$y=0.114x+0.691$

We select the option c.