en dropping steadly since 1984, and the trend in recent years has been roughly linear The...
The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit. Answer part a. through e. Year |2003 |2004 |2005 |2006 |2007 Consumer credit (in billions of dollars.) |2219.5 |2350.8 |2415.0 |2517.9 |2595.1 a. Find an equation for the least squares line, letting x equal the number of years since 2001. b. Use part a to find, at approximately what rate is the consumer credit growing per year? c....
Stat 1102- Please answer each part of the question correctly! A.) find an equation for the least squares line, letting x equal the number of years since 2001. the equation is Y= ____ x +_____ B.) Based on the answer to part (a), at approximately what rate is consumer credit growing per year? the consumer credit is growing $_____ billion per year C.) Use the result from part (a) to predict the amount of consumer credit in the year 2016...