Find the required linear model using least-squares regression. The accompanying table shows the approximate amount (in billions of dollars) of student loans in repayment in various quarters of 2015 and 2016. Let x = 1 corres Quarter Loans in Repayment 515 2 545 3 570 4 580 (a) The linear model for the data is y=x+ . (Round to the nearest tenth as needed.) 5 6 615 640 (a) Find a linear model for these data. (b) Assuming the trend continues, estimate the amount of loans in repayment in quarter 8. 7 660 (b) The amount of loans in repayment in quarter 8 is approximately $ billion. (Round to the nearest integer as needed.) C

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
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Find the required linear model using least-squares regression.
The accompanying table shows the approximate amount (in billions of dollars) of student loans in repayment in various quarters of 2015 and 2016. Let x = 1 correspond to the first quarter of 2015.
Quarter
Loans in Repayment
1
515
2
545
3
570
4
580
(a) The linear model for the data is y = Ox+ O.
(Round to the nearest tenth as needed.)
5
615
6
640
(a) Find a linear model for these data.
(b) Assuming the trend continues, estimate the amount of loans in repayment in quarter 8.
(b) The amount of loans in repayment in quarter 8 is approximately $
(Round to the nearest integer as needed.)
7
660
billion.
Transcribed Image Text:Find the required linear model using least-squares regression. The accompanying table shows the approximate amount (in billions of dollars) of student loans in repayment in various quarters of 2015 and 2016. Let x = 1 correspond to the first quarter of 2015. Quarter Loans in Repayment 1 515 2 545 3 570 4 580 (a) The linear model for the data is y = Ox+ O. (Round to the nearest tenth as needed.) 5 615 6 640 (a) Find a linear model for these data. (b) Assuming the trend continues, estimate the amount of loans in repayment in quarter 8. (b) The amount of loans in repayment in quarter 8 is approximately $ (Round to the nearest integer as needed.) 7 660 billion.
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