Question
Minimum Wage. In 1995, the minimum wage was $4.25 per hour, and by 2010 it had increased to $7.25 per hour.
a) Find the slope of the line passing through the points (1995, 4.25) and (2010, 7.25)
b) Interpret the slope as a rate of change.
c) If this trend continues, estimate the minimum wage in 2015.
a) Find the slope of the line passing through the points (1995, 4.25) and (2010, 7.25)
b) Interpret the slope as a rate of change.
c) If this trend continues, estimate the minimum wage in 2015.