Suppose That the Following Table Shows the Average Hourly Earnings

question 110

Multiple Choice

Suppose that the following table shows the average hourly earnings for full-time production workers in various industries for selected years. The linear regression equation for hourly earnings as a function of time is given by (where x is the number of years after 1970 and y is the average hourly wage) . What does this model predict for the average hourly earnings in 2024? Round your answer to two decimal places. ​

• A)$42.51
• B)$327.10
• C)$43.41
• D)$326.20
• E)$325.80

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Definitions:

Basal Ganglia

A group of nuclei in the brain involved in coordinating movement, as well as aspects of learning and emotion.

Flexor Muscles

Muscles that decrease the angle between bones on two sides of a joint, involved in bending or flexing parts of the body.

Trunk

The main part of the body, excluding the head, neck, and limbs, housing the majority of vital organs.