Question

The minimum hourly wage ,y in dollars per hour , in a country can be approximated by the equation y=0.16 1.13. in this country x represents the number of years since 1970 (x=0 represents 1979,, x represents 1975, and so on). The minimum wage in 2005 was approximately $ . The minimum wage in 2010 was approximately $ . The y intercept is ( , ). In the year the minimum wage was approximately $ per hour. The slope is . This indicates that the minimum wage has increased by approximately $ per year during this year.

Answer 1

The equation y=0.16x+1.13 represents the minimum hourly wage in a country. To find the minimum wage in a specific year, substitute the respective value for x and solve for y. The slope of the equation is 0.16, indicating the increase in the minimum wage per year.

Step-by-step explanation:

The given equation is y=0.16x+1.13. Here, y represents the minimum hourly wage in dollars per hour and x represents the number of years since 1970. To find the minimum wage in a specific year, substitute the respective value for x in the equation. For example, to find the minimum wage in 2005, substitute x=2005-1970=35 into the equation. Solve for y to get the approximate minimum wage in dollars per hour.

To find the y-intercept, substitute x=0 into the equation and solve for y. The y-intercept represents the minimum wage in the year 1970.

The slope of the equation is 0.16, which indicates that the minimum wage has increased by approximately $0.16 per year during this time period.