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Overdraft fees have become an important piece of a bank's total fee income. Suppose the following table gives the bank revenue from overdraft fees (in
Overdraft fees have become an important piece of a bank's total fee income. Suppose the following table gives the bank revenue from overdraft fees (in billions of dollars) from 2004 through 2009. Here, x = 4 corresponds to 2004.
Year, x | 4 | 5 | 6 | 7 | 8 | 9 |
Revenue, y | 24.5 | 28 | 33 | 35 | 37 | 38 |
(a) Find an equation of the least-squares line y for these data. (Round all numerical values to two decimal places.)
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