Ask Experts Questions for FREE Help !
Ask
    jlw1949's Avatar
    jlw1949 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 24, 2010, 12:50 PM
    Credit card Debt
    Credit card debt has risen steadily over the years. The table below gives the average U.S. credit card debt (in dollars) per household. Years are represented as the number of years since 1900. ( The table below includes all credit cards and U.S. households with at least one credit card.)
    (a) Plot the data. Does the graph show a linear pattern?
    (b) Find the equation of the least squares line and graph it on the same axes. (You can use
    Excel). Does the line appear to be a good fit?
    (c) If this trend continues, when will household debt reach $10,000?
    Year (x) 95 96 97 98 99 00 01 02
    Debt (y) 5832 6487 6900 7188 7564 8123 8367 8562
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jun 24, 2010, 01:06 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search


Check out some similar questions!

Being sued for credit card debt by law firm representing credit card company [ 7 Answers ]

Well, its happened. I have received a summons for a credit card debt by law firm. I have to go to the county court house to talk with the clerk... (not sure what will happen,never been sued before)If I don't go within 20 days, they say they will start proceedings to garnishing my wages. I do owe...

Credit Card Debt? Consolidate using debt consolidation agency? Good or Bad? [ 11 Answers ]

Does it reflect negatively on my credit report if I consolidate credit card debt using a debt consolidation agency? I can make my credit card payments, but only the minimums. The APR's are mid to high teens -- I feel like a hamster on a wheel. Is it worse to continue like I am, with credit cards...

Is credit card debt open account debt or a written agreement debt? [ 16 Answers ]

I am currently fighting a credit card debt action filed against me by Unifund. The issue is whether credit card debt is open account debt subject to 3 year SOL in the State of Washington or a written agreement debt subject to 6 years. I asked the same question on another forum and received an...

View more questions Search