Problem

Determine whether a linear model might fit the data.Credit-Card Debt. Model the data given...

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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Solutions For Problems in Chapter 1.4

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