The following table shows the minimum wage rates for the United States during different years. Year 1978 1979 1980 1990 1991 1996 1997 2007 2008 2009 Minimum hourly wage ($) 2.65 2.90 3.35 3.80 4.25 4.75 5.15 5.85 6.55 7.25 Write the least squares regression equation that models the data. Let x equal time in years since 1900 and let y equal minimum hourly wage. Use the equation to estimate the minimum hourly wage of a US worker in 2025. Show your work.

The following table shows the minimum wage rates for the United States during different years. Year 1978 1979 1980 1990 1991 1996 1997 2007 2008 2009 Minimum hourly wage ($) 2.65 2.90 3.35 3.80 4.25...

The following table shows the minimum wage rates for the United States during different years.

Year	1978	1979	1980	1990	1991	1996	1997	2007	2008	2009
Minimum hourly wage ($)	2.65	2.90	3.35	3.80	4.25	4.75	5.15	5.85	6.55	7.25

Write the least squares regression equation that models the data. Let x equal time in years since 1900 and let y equal minimum hourly wage.

Use the equation to estimate the minimum hourly wage of a US worker in 2025. Show your work.

Jun 02, 2022