Problem

Pet Industry The table shows U.S. pet industry expenditures for selected years from 1994 t...

Pet Industry The table shows U.S. pet industry expenditures for selected years from 1994 to 2010.

Year

Expenditure (billions of $)

1994

17

1996

21

1998

23

2001

28.5

2002

29.5

2003

32.4

2004

34.4

2005

36.3

2006

38.5

2007

41.2

2008

43.2

2009

45.5

2010

47.7

a. Find a linear model for the data, with x equal to the number of years after 1990, and discuss the fit.


b. Find a quadratic model for the data, with x equal to the number of years after 1990, and discuss the fit.


c. Use both models to predict the amount of money Americans will spend on their pets in 2015.

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