Determine whether a linear model might fit the data.
Credit-Card Debt. Model the data given in the table below with a linear function, and estimate the average credit-card debt per U.S. household in 2005 and in 2014. Answers may vary depending on the data points used.
Year, x | Credit-Card Debt per Household, y |
1992, 0 | $ 3, 803 |
1996, 4 | 6, 912 |
2000, 8 | 8, 308 |
2004, 12 | 9, 577 |
2008, 16 | 10, 691 |
Source: CardTrak.com
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