Problem

Average Wages The average hourly wage (adjusted to 1982 dollars) was $7.66...

Average Wages The average hourly wage (adjusted to 1982 dollars) was $7.66 in 1990 and $8.24 in 2006. (Source: U.S. Census Bureau.)

(a) Find an equation of a line that passes through the points (1990, 7.66) and (2006, 8.24).

(b) Interpret the slope.

(c) Use the equation from part (a) to approximate the hourly wage in 2000. Compare it with the actual value of $8.04.

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