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The table below shows the minimum hourly wage, in U.S. dollars, for selected years since 1955. Years Since0 0 510 15 20 25 30 35 40 45 50 1955 (x) Minimum .75 1.00 1.25 1.45 2.00 3.10 3.35 3.80 4.25 5.15 5.15 Wage (y) Write the linear regression equation for this set of data, rounding all values to three decimal places. State the strength and direction indicated by the correlation coefficient.
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