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Suppose that the following table shows the average hourly earnings for full-time production workers in various industries for selected years. Find the linear regression equation for hourly earnings as a function of time (with representing 1970) . Round numerical values in your answer to four decimal places.
Technical Skills Certificate Program
A formal recognition of an individual's competence and proficiency in specific technical or vocational skills, usually acquired through a short-term educational or training process.
Cost Effectiveness
A measure of how effectively resources (money, time, effort) are used to achieve a desired outcome or goal.
Technical Skills Certificate Program
A structured education program focused on teaching specific technical skills, often leading to certification.
Competitive Markets
Competitive Markets are economic environments where multiple providers compete to offer goods or services, often leading to benefits like lower prices and innovation for consumers.
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