Multiple Choice
Suppose that the following table shows the average hourly earnings for full-time production workers in various industries for selected years. The linear regression equation for hourly earnings as a function of time is given by 
(where x is the number of years after 1970 and y is the average hourly wage) . What does this model predict for the average hourly earnings in 2024? Round your answer to two decimal places. 
A) $42.51
B) $327.10
C) $43.41
D) $326.20
E) $325.80
Correct Answer:
Verified
Correct Answer:
Verified
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