Suppose that the following table shows the average hourly earnings for full-time production workers in various industries for selected years. The linear regression equation for hourly earnings as a function of time is given by 
(where x is the number of years after 1970 and y is the average hourly wage). What does this model predict for the average hourly earnings in 2024? Round your answer to two decimal places.
?
Year
Earnings
Year
Hourly Earnings
1970
2.99
1994
20.55
1975
6.65
1996
22.02
1980
10.31
1998
23.48
1985
13.97
2000
24.95
1990
17.63
2002
26.41
1992
19.09
2004
27.87
2006
29.34
A. $42.51
B. $327.10
C. $43.41
D. $326.20
E. $325.80
Answer: A
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