STEP-BY-STEP ANSWER:
Step 1: Understand that Hubble's Law observes that a galaxy's recessional velocity (v) is proportional to its distance (d) from us, represented as v = H0 × d, where H0 is the Hubble constant.
Step 2: Recognize that the 'Hubble time' can be estimated as the inverse of the Hubble constant (1/H0), which gives a rough estimate of the universe's age if the rate of expansion were constant.
Step 3: Consider that the early universe experienced deceleration due to gravitational attractions among matter, and later acceleration due to dark energy. This implies that the Hubble time must be adjusted to account for changes in the expansion rate over time.
Step 4: Combine these corrections with independent estimates from stellar evolution and radioactive dating, which consistently point to an age of about 13.8 billion years.
Final Answer: Hubble's Law provides a foundational method for calculating the universe's age via the Hubble time, which when corrected for changing expansion rates and validated by independent measures, supports an age of roughly 13.8 billion years.