These data are federal minimum wages of the past 70 years.a. Graph the data from the
Chapter 5, Problem 12(choose chapter or problem)
These data are federal minimum wages of the past 70 years.a. Graph the data from the table on the same set of axes. Use one color for minimum wage and another for 2003 dollars. b. Which is better represented by a line, the hourly minimum wage or the 2003 dollar value? c. Find the line of fit based on Q-points for the data points of the form (year, minimum wage).d. Graph the equation in 12c to verify that it is a good fit.e. What is the real-world meaning of the slope? How does it compare with the 2003 dollars graph?
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