BUSINESS: Higher Education Expenses Total consumer expenditures for higher educa...

BUSINESS: Higher Education Expenses Total consumer expenditures for higher education in recent years are given in the following table.

a. Number the data columns with x-values 0–4 (so that x stands for number of two-year periods since 2000), use quadratic regression to fi t a curve to the data, and state the regression formula. [Hint: See Example 10 on page 45.]

b. Use the regression function to predict higher education expenditures in the year 2016.

REFERENCE: EXAMPLE 10