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:

Anti-Union Legislation

Laws aimed at limiting the power and activities of labor unions, affecting the rights of workers to organize.

Big Strikes

Major labor stoppages where a large number of workers halt work to press for better conditions or benefits.

Resource Mobilization

The process of acquiring, allocating, and utilizing resources such as time, money, and skills for a specific purpose, especially in the context of social movements or projects.

Solidarity Theory

A sociological approach emphasizing unity and mutual support within a group, particularly in the context of social movements and labor unions.