Mortgage Delinquencyes The percentage of borrowers in the highest riskcategory who were delinquent on their payments decreased from 9.7%in 2001 to 4.3% in 2004 and then shot up to 10.3% in 2007.57 Model this percentage P as a piecewise-linear function of the time tin years since2001, and use your model to estimate the percentage of delinquentborrowers in 2006.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section3.3: Rate Of Change And Slope
Problem 19PPS
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Mortgage Delinquencyes The percentage of borrowers in the highest risk
category who were delinquent on their payments decreased from 9.7%
in 2001 to 4.3% in 2004 and then shot up to 10.3% in 2007.57 Model this percentage P as a piecewise-linear function of the time tin years since
2001, and use your model to estimate the percentage of delinquent
borrowers in 2006.

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