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The federal minimum wage, in dollars per hour, for the years 1955 to 2005 is given in the table below. Using the data from 1955 and 1975, find a linear model that predicts the federal minimum wage for the year t . Round to nearest hundredth. Year Federal Minimum Wage 1955 0.75 1965 1.25 1975 2.10 1985 3.35 1995 4.25 2005 5.15
Certification
A formal process verifying that an individual or organization has met a set of criteria or standards, often in a professional context.
Sherman Antitrust Act
A landmark federal statute in the US passed in 1890 that outlaws monopolistic business practices and promotes free competition in the marketplace.
Restraint of Trade
Any activity or agreement that restricts competition in the marketplace, often reviewed under antitrust laws.
Commerce
The activity of buying and selling goods and services, especially on a large scale, including legal, economic, and political interactions.
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