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The pet industry is big business in the United States. The amount spent yearly on pets continues to increase. U.S. Expenditure on Pets Year Expenditures

The pet industry is big business in the United States. The amount spent yearly on pets continues to increase.U.S. Expenditure on Pets

Year Expenditures (billion dollars)
1994 17
1996 21
1998 23
2001 28.5
2002 29.5
2003 32.4
2004 34.4
2005 36.3
2006 38.5
2007 41.2
2008 43.4

(a) Based on a scatter plot of the data in the table, why is a linear model appropriate? The scatter plot suggests a steady, ---Select--- quadratic increase linear decrease quadratic decrease linear increase .

(b) Align the data so that 1994 is year 0. Write the function for the linear model that gives the amount spent each year on American pets, where x is the year since 1994, with data from

0 x 14.

(Round all values to three decimal places.)

S(x) =

(c) Use the model to estimate the amount that will be spent on pets in 2014. (Round your answer to three decimal places.)

S(20) = billion dollars

What assumption(s) must be made for this to be considered a valid estimate?

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