Problem

In Exercises, find the model that best fits the data. Use the model to answer the given qu...

In Exercises, find the model that best fits the data. Use the model to answer the given questions

Wages

Average Hourly Earnings in Manufacturing Industries: Florida

Years Since 1980 m	Average Earnings (dollars per hour) (JS)
0	5.98
1	6.53
2	7.02
3	7.33
4	7.62
5	7.86
6	8.02
7	8.16
8	8.39
9	8.67
10	8.98
11	9.30
12	9.59
13	9.76
14	9.97
15	10.18
16	10.55
17	10.95
18	11.43
19	11.83
20	12.28

Source: Statistical Abstract of the United States, 2001, Table 978, p. £22.

According to the model, what will the average hourly wage in Florida manufacturing industries be in 2003?

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