Minimum Wage in the United States

Discussion in 'Algebra' started by nycmathguy, May 25, 2022.

  1. nycmathguy

    nycmathguy

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    Screenshot_20220523-201754_Samsung Notes.jpg

    For (a), I say 2000 to 2010 decade.

    For (b), the set up is:

    5.1/3.4 = x/100

    Let x = percent increase in minimum wage from 1985 to 2000.

    5.1/7.1 = y/100

    Let y = percent increase in minimum wage from 2000 to 2015.

    What is the set up for part (c)?

    I cannot answer part (d) without knowing my prediction in part (c).

    You say?
     
    nycmathguy, May 25, 2022
    #1
  2. nycmathguy

    MathLover1

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    use the graph below, which shows the minimum wages in the united states (in dollars) from 1950 through 2015

    a. 2000 to 2015

    b.

    1985->3.4
    2000->5.1

    change=5.1-3.4=1.7

    percentage=change/2000wage
    percentage=1.7/3.4=0.5=50%

    do same for percent increase in minimum wage from 2000 to 2015
    2000->5.1
    2015->7.1

    change=7.1-5.1=2
    percentage=2/5.1=0.3921568627451= 39.22%

    c.
    2015->7.1
    percentage=0.3922
    prediction:

    minimum wage= minimum wage in 2015 +(percent of increase(minimum wage in 2015)

    7.1+7.1*0.3922=9.88462=9.9

    predicted amount =9.9

    the minimum wage in 2030 is 9.9

    d.
    No, the prediction is too high because it is likely that the percent increased.
     
    MathLover1, May 25, 2022
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    nycmathguy likes this.
  3. nycmathguy

    nycmathguy

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    Very good but is anything I did here right? Don't tell me I got everything wrong. This is depressing.
     
    nycmathguy, May 25, 2022
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