In the Table Below, the Amount of the U

Short Answer

In the table below, the amount of the U.S. minimum wage is listed for selected years.

Find an exponential regression model of the form y = a ∙ , where y represents the U.S. minimum wage x years after 1960. Round a and b to four decimal places. According to this model, what will the minimum wage be in 2005? In 2010?