1. The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit Answer part a through Year 2004 2005 2008 2007 2008 Consumer credit in billions of dollars) 22195 23038 2465 0 2551.9 2595.1 a. Find an equation for the least squares line, letting x equal the number of years since 2000 b. Use part a to find, at approximately whatrate is the consumer credit growing per year? c. Use the result from part a to predict the amount of consumer credit in the year 2015 d. If this trend continues linearly, in what year will the total debt first exceed 54000 bilion? e. Find and interpret the correlation coefficient a. The equation is y=99.93x + 1827.48 (Use integers or decimals for any numbers in the equation. Round to two decimal places as needed) b. The consumer credit is growing about 99.93 bilion per year. (Round to two decimal places as needed) c. The amount of consumer credit in the year 2015 will be s bilion (Round down to the nearest whole number.) d. If this trend continues inearty, in the year 2072 total debt will first exceed $4000 billion (Round up to the nearest whole number) e Select the correct choice below and fill in the answer box to complete your choice. (Type an integer or decimal rounded to four decimal places as needed) A. The correlation coeficient is 9821 which indicates a fairly strong linear correlation B. The correlation coeficient is which indicates there is no linear correlation 3328