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Concept explainers
BOUNCED-CHECK CHARGES Overdraft fees have become an important piece of a bank’s total fee income. The following table gives the bank revenue from overdraft fees (in billions of dollars) from
Year,
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Revenue,
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a. Find an equation of the least squares line for these data.
b. Use the result of part (a) to estimate the average rate of increase in overdraft fees over the period under consideration.
c. Assuming that the trend continued, what was the revenue from overdraft fees in
Source: New York times
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Chapter 1 Solutions
Student Solutions Manual for Tan's Finite Mathematics for the Managerial, Life, and Social Sciences, 11th
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