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2 Use the following information to answer the next question The numbers of insured commercial banks y (in thousands) in the united states for the

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2 Use the following information to answer the next question The numbers of insured commercial banks y (in thousands) in the united states for the years 1987 to 1996 are shown in the table below: (Source: Federal Deposit Insurance Corporation) Year 1987 1988 1989 1990 1991 1992 1994 1995 1996 12.85 11.92 12.27 12.51 12.88 Number 13.65 13.22 12.44 13.19 (1000's) a) What regression model would fit this data (linear, quadratic, cubic)? /1 Explain. Checklist al, or Algebraic b) Use technology to determine the regression equation for this data. 13 is shown Round your values to the nearest thousandth. a logical way itext c) What is the independent variable in this problem? What is the 12 rds definitions, dependent variable? Explain. used in hown 's to d) Use your regression equation to determine the number of insured 12 commercial banks in the US in the year 2011. e) Use your regression equation to determine the year in which 12 you would expect there to be 28,000 insured commercial banks

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