Mortgage Delinquencies The percentage of borrowers in the highest risk category who were delinquent on their payments decreased from 9.7% in 2001 to 4.3% in 2004 and then shot up to 10.3% in 2007. Model this percentage P as a piecewise-linear function of the time t in years since 2001, and use your model to estimate the percentage of delinquent borrowers in 2006.
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