(Modeling) Minimum Hourly Wage One model for the minimum hourly wage in the United States for the period 1978–2005 is
y = .12x − 234.42,
where x represents the year and y represents the wage, in dollars. The actual 1999 minimum wage was $5.15. What does this model predict as the wage? What is the difference between the actual wage and the predicted wage?
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