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The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit ( in billions
The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit in billions of dollars Answer parts a through e below.
tableYeartableConsumerCreditYear,tableConsumerCredit
a Find an equation for the least squares line, letting equal the number of years since
The equation is
Use integers or decimals for any numbers in the equation. Round to two decimal places as needed.
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