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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 ( below.
The total amount of consumer credit has been increasing steadily in recent years. The following table gives the total outstanding consumer credit below.
tableYeartableConsumerCreditYear,tableConsumerCredit
The amount of consumer credit in the year will be $ billion.
Round to the nearest whole number.
d If this trend continues linearly, in what year will the total debt first exceed $ billion?
If this trend continues linearly, in the year total debt will first exceed $ billion.
Round up to the nearest whole number.
e Find and interpret the correlation coefficient. Select the correct choice below and fill in the answer box to complete your choice.
Type an integer or decimal rounded to four decimal places as needed.
A The correlation coefficient is which indicates a fairly strong linear correlation.
B The correlation coefficient is which indicates there is no linear correlation.
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