or graph paper. Average hourly earnings in the U.S. retail trade industry (in current dollars and constant dollars) are shown in the table. Year Current dollars Constant dollars 1993 4.88 5.70 1998 5.94 5.39 2003 6.75 5.07 2005 7.13 5.00 2006 7.29 4.97

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
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Problem 16E: The Truth in Lending Act Many lending agencies compound interest more often than yearly, and, as we...
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4.
5.
y un on line or graph paper.
Average hourly earnings in the U.S. retail trade industry (in current dollars and constant dollars)
are shown in the table.
Year
Current dollars
Constant dollars
1993
4.88
5.70
1998
5.94
5.39
2003
6.75
5.07
2005
7.13
5.00
2006
7,29
4.97
What are the slopes of the regression lines? What do they mean? (Use correct
units.) What does this say about the long-term prospects of retail trade industry
employees?
Use the regression lines to estimate the difference in current dollar and constant
dollar hourly earnings in the year 2008.
Transcribed Image Text:if you show work ill like the post thanks again! 4. 5. y un on line or graph paper. Average hourly earnings in the U.S. retail trade industry (in current dollars and constant dollars) are shown in the table. Year Current dollars Constant dollars 1993 4.88 5.70 1998 5.94 5.39 2003 6.75 5.07 2005 7.13 5.00 2006 7,29 4.97 What are the slopes of the regression lines? What do they mean? (Use correct units.) What does this say about the long-term prospects of retail trade industry employees? Use the regression lines to estimate the difference in current dollar and constant dollar hourly earnings in the year 2008.
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