25 points for anyone interested! The table shows the minimum wage rates for the United States during different years.

Year1978197919801990199119961997200 720082009
Minimum hourly wage ($)2.652.903.353.804.254.755.155.85 6.557.25

(a)Write the least squares regression equation that models the data. Let x = time in years since 1900 and let y = minimum hourly wage.
(b)Use the equation to estimate the minimum hourly wage of a U. S. worker in 2025. Show your work.

Thank you!

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step-by-step explanation:

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step-by-step explanation:

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step-by-step explanation:

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step-by-step explanation:

m

1

=

5

m1=5

b

=

−

1

b=-1

find the slope and y-intercept of the second equation.

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m

2

=

0

m2=0

b

=

−

6

b=-6

compare the slopes

m

m of the two equations.

m

1

=

5

,

m

2

=

0

m1=5,m2=0

compare the two slopes in the decimal form. if the slopes are equal, then the lines are parallel. if the slopes are not equal, then the lines are not parallel.

m

1

=

5

,

m

2

=

0

m1=5,m2=0