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The linear regression trend model was applied to a time series of sales data based on the last 16 months of sales.The following partial computer output was obtained: What is the predicted value of y when t = 17?
Overtime Pay
Compensation for employees who have worked more than the standard work hours.
Fair Labor Standards Act
A U.S. law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards.
Regular Hourly Wage
Regular Hourly Wage is the fixed amount of money that an employee is paid for each hour worked, excluding overtime or bonuses.
Gross Wages
The total amount of money earned by an employee before any deductions or taxes are applied.
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