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ohaa [14]
3 years ago
5

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 yea

rs 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.
Mathematics
1 answer:
Jlenok [28]3 years ago
6 0

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.

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Answer:

We can now write this is a function of time in years leading to

f

(

x

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=

200

(

.94

)

x

f

(

5

)

≈

147

Explanation:

Firs you should consider that if its exponential then it has some form similar to

3

x

. Where we have some known part (3) and the unknown part (

x

) that we are trying to find out. Mathematically we can say it has the form

a

x

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a

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Well it turns out that if you multiply some value over and over again it has this form. Example we multiply

2

⋅

2

⋅

2

⋅

2

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4

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Now the problem is that it will continue to decrease at the same rate leading to

a

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(

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because only

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%

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a

⋅

(

.94

)

⋅

(

.94

)

. We can now write this is a function of time in years leading to

f

(

x

)

=

200

⋅

(

.94

)

x

f

(

5

)

≈

147

Step-by-step explanation:

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