ccompanying table shows the approximate amount (in billions of dollars) of student loans in repayment in various quarters of 2015 and 2016. Le rter 3 4 7 ns in Repayment 500 525 565 580 605 635 655 ind a linear model for these data. ssuming the trend continues, estimate the amount of loans in repayment in quarter 8. The linear model for the data is y= und to the nearest tenth as needed.) X+

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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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
3
4
6
Loans in Repayment
500
525
565
580
605
635
655
(a) Find a linear model for these data.
(b) Assuming the trend continues, estimate the amount of loans in repayment in quarter 8.
(a) The linear model for the data is y = ( )>
(Round to the nearest tenth as needed.)
x+
Enter your answer in the edit fields and then click Check Answer.
Clear All
part
remaining
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23
24
T
Y.
R
W
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 3 4 6 Loans in Repayment 500 525 565 580 605 635 655 (a) Find a linear model for these data. (b) Assuming the trend continues, estimate the amount of loans in repayment in quarter 8. (a) The linear model for the data is y = ( )> (Round to the nearest tenth as needed.) x+ Enter your answer in the edit fields and then click Check Answer. Clear All part remaining C Search or type URL esc 23 24 T Y. R W
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