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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
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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
Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
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