Question

The data below shows the minimum wage requirement of the u.s government in years,x, after 1960. Based on the data provided what would be the best linear model using your calculators regression model?

Answer 1

Option c

Explanation:

Best Fit Regression Model

When experimental data is collected, scientists frequently ask themselves if there is a relationship between some of the variables under study. It's crucial in modern times where artificial intelligence technology is trying to find key answers where traditional approaches hadn't before.

One of the most-used tools to find relations between variables is the regression model and its best fit lines to try to find an expression who relates variable x (years from 1960) and variable y (minimum wage requirement) as of our case.

The provided data was entered into a digital spreadsheet and an automatic function was applied to find the best-fit model.

We found this equation:

`y=0.11363x+0.6906`

when rounded to three decimal places, we find

`y=0.114x+0.691`

Which corresponds to the option c.