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: Michigan
Years Since 1980 (0 | Average Earnings (dollars per hour) (E) |
0 | 9.52 |
l | 10.53 |
2 | 11.18 |
3 | 11.62 |
4 | 12.18 |
5 | 12.64 |
6 | 12.80 |
7 | 12.97 |
8 | 13.31 |
9 | 13.51 |
10 | 13.86 |
11 | 14.52 |
12 | 14.81 |
13 | 15.36 |
14 | 16.13 |
15 | 16.31 |
16 | 16.67 |
17 | 17.18 |
18 | 17.61 |
19 | 18.38 |
20 | 19.20 |
Source: Statistical Abstract of the United States, 2001, Table 978, p. 622.
According to the model, what will the average hourly wage in Michigan manufacturing industries be in 2003?
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