B) what type of model fits best(linear, quadratic, cubic, or Quartic) C) Using your graphing calculator find the R^2 values for each model (use x=1986) Lineae_____Quadratic____Cubic___Quartic___D) based on the R^2 values, which function is the best fit? E) is this function appropriate? Why or why not?F) if another function is a better fit, which function is it? Why is it a better fit?_______G) using your chosen function, when would you predict health care costs would be in 2014? Linear____Quadratic____Cubic__Quartic____H) what would each of your functions predict health care costs would be in 2014? Linear-Quadratic -Cubic-Quartic-I) in 2014, health care costs were actually $9523 per person per year, what could you say about the ability of your chosen function to predict costs into the future?J) considering R^2 model validity and effectiveness, which function would you recommend as best fit for the data?

Problem. Healthcare costs in the United States have been increasing over the years. The following data shows the average cost of healthcare per person for selected years from 1986 to 2008 (data from CMS.gov website*) Year (x) 1986 1990 1997 2003 2008 Cost (per person) $1947 $2843 $4147 $6099 $7909 a) Plot the data (let 1986 be year 0) $8000 $7500 $7000 $6500 $6000 $5500 $5000 $4500 $4000 $3500 $3000 on 5Accessibility: Unavailable