The following data show the size of the U.S. debt per capita (in dollars). This information was constructed from federal government data on public debt

Question

28 users unlocked this solution today!

The following data show the size of the U.S. debt per capita (in dollars). This information was constructed from federal government data on public debt (www.publicdebt.treas.gov/opd/opd.htm#history) and (estimated) population data (www.censi.is. gov.popest/archives/).
(a) Determine the line of best fit to the given data.
(b) Predict the debt per capita for the years 2008, 2010, and 2015.
Year Debt per Capita (in $)
1996......................20,070
1997......................20,548
1998......................20,774
1999......................21,182
2000......................20,065
2001......................20,874
2002......................22,274
2003......................24,077
2004......................25,868
2005......................27,430