Question

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.

Answer 1

Answer:

1.) The minimum wage increased by $0.15 per year.

5.) The minimum wage in 1990 was $0.15.

7.) The minimum wage in 1990 was $3.95.

Step-by-step explanation:

given that the years between 1990 and 2009, the regression equation yˆ=0.15x+3.95 models the minimum wage.

where x = 19 years

The slope = 0.15

The intercept = 3.95

The best statement for interpretation of the slope and interpretation of the y-intercept are:

1.) The minimum wage increased by $0.15 per year.

5.) The minimum wage in 1990 was $0.15.

7.) The minimum wage in 1990 was $3.95.