Part 3 of 4 (c) Determine the y-intercept. Interpret the meaning of the y-intercept in the context of this problem. The y-intercept is In the year the minimum wage was approximately $ per hour. X Part 4 of 4 (d) Determine the slope. Interpret the meaning of the slope in the context of this problem. The slope is This indicates that the minimum wage has (Choose one) by approximately $ per year during this X period.Part 1 of 4 (a) Use the equation to approximate the minimum wage in the year 2000. The minimum wage in 2000 was approximately $ X Part 2 of 4 (b) Use the equation to estimate the minimum wage in the year 2005 . The minimum wage in 2005 was approximately $ XThe minimum hourly wage, y (in dollars per hour), in a country can be approximated by the equation y - 0.17x + 2.53. In this equation, x represents the number of years since 1970 (x =0 represents 1970, x -5 represents 1975, and so on). Federal Minimum Hourly Wage by Year 7- y = 0.17x + 2.53 Minimum Wage (S/hr) 10 15 30 Year (x = 0 represents the year 1970 )