Answer
The model's prediction for minimum hourly wage in 2008 is $6.59, which is 4 cents higher than the actual wage was in 2008.
Work Step by Step
To find the prediction for the year 2008, start by plugging it into the formula
$y=0.128(2008)-250.43$
$y=257.024-250.43$
$y=6.594$
So, the model's prediction for minimum hourly wage in 2008 is $6.59, which is 4 cents higher than the actual wage was in 2008.
