In 1968, U.S. minimum wage was $1.60 per hour. In 1976, minimum wage was $2.30 per hour. Suppose minimum wage grows according to the exponential modelw(t), where as it represents time in years after 1960.
(a) Determine the formula for w(t). How do I do this?
Town of Pinedale, Wyoming, is experiencing the population boom. In 1990, population was 860 and 5 years later it was 1210.
(a) Determine linear model l(x) and expo-nential model p(x) for population of Pinedale in year 1990+x.