Part 2 Part 2 of 4(b) Use the equation to estimate the minimum wage in the year 2005.The minimum wage in 2005 was approximately $Part 3 of 4(c) Determine the y-intercept. Interpret the meaning of the y-intercept in the context of this problem.The y-intercept is1. In the yearthe minimum wage was approximately $per hour.Part 4 of 4Check AnswerSave For LaterSubmi© 2021 McGraw Hill LLC. Al Rights Reserved.Terms of UseNOV Minimum Wage ($/hr)The minimum hourly wage, y (in dollars per hour), in a country can be approximated by the equation y=0.12x+ 1.67. In thisequation, x represents the number of years since 1970 (x=0 represents 1970, x=5 represents 1975, and so on).Federal Minimum Hourly Wage by Year7-y = 0.12x + 1.676-1.10152030Year (x=0 represents the year 1970)Dart 1 of ACheck AnswerSave For LaterSubmit Assignment©2021 McGraw Hill LLC. All Rights Reserved,Terms of Use | Privacy CenteNOV

Given: The minimum hourly wage, y in dollars per hour, in a country can be approximated by the…

Part 2 of 4 (b) Use the equation to estimate the minimum wage in the year 2005. The minimum wage in 2005 was approximately $ Part 3 of 4 (c) Determine the y-intercept. Interpret the meaning of the y-intercept in the context of this problem. The y-intercept is ( D. In the year the minimum wage was approximately $ per hour. Part 4 of 4