The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit (in billions of dollars). Answer parts (a) through (e) below. Year 2004 2005 2006 2007 2008 Consumer Credit 2210.5 2303.8 2437.0 2517.9 2595.1 Year 2009 2010 2011 2012 2013 Consumer Credit 2557.5 2648.1 2756.0 2926.3 3099.2 a. Find an equation for the least squares line, letting x equal the number of years since 2000. The equation is Y = x + ☐x+0. (Use integers or decimals for any numbers in the equation. Round to two decimal places as needed.)

The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit (in billions of dollars). Answer parts (a) through (e) below. Year 2004 2005 2006 2007 2008 Consumer Credit 2210.5 2303.8 2437.0 2517.9 2595.1 Year 2009 2010 2011 2012 2013 Consumer Credit 2557.5 2648.1 2756.0 2926.3 3099.2 a. Find an equation for the least squares line, letting x equal the number of years since 2000. The equation is Y = x + ☐x+0. (Use integers or decimals for any numbers in the equation. Round to two decimal places as needed.)

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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