Table 2.6 shows the average hourly compensation of U.S.
Chapter 2, Problem 2.1.1.63(choose chapter or problem)
Table 2.6 shows the average hourly compensation of U.S. production workers for several years. Let x be the number of years since 1970, so that x = 5 stands for 1975, and so forth.
(a) Writing to Learn Find the linear regression model for the data. What does the slope in the regression model represent?
(b) Use the linear regression model to predict the production worker average hourly compensation in the year 2015.
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