Concept explainers
In Exercises 15-18 find the required linear model using leastssquares regression. (See Examples 3-6.)
Credit Unions Use the data on the number of federal credits in Exercise 13.
(a) Find a linear model for these data with x=11 corresponding to the year 2011.
(b) Assuming the trend continues, estimate the number of federal credit unions in the year 2018.
Exercise 13: Credit Unions The following table shows the number of operating federal credit unions in United states for several years.
Year | 2011 | 2012 | 2013 | 2014 | 2015 |
Number of federal credit unions | 4444 | 4268 | 4100 | 3924 | 3762 |
Let
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