The following table shows the approximate average household income in the U.S. in 1995, 2002, and 2003. ( represents 1995.) Which of the following kinds of models would best fit the given data? ( A , a , b , c , and m are constants.)
A)Quadratic:
B)Logarithmic:
C)Power:
D)Linear:
E)Exponential:

Question

The following table shows the approximate average household income in the U.S. in 1995, 2002, and 2003. (  represents 1995.)  Which of the following kinds of models would best fit the given data? ( A , a , b , c , and m are constants.)
A)Quadratic: 
B)Logarithmic: 
C)Power: 
D)Linear: 
E)Exponential:

Quizplus · Accepted Answer

Looking at the data, it seems that the income has been steadily increasing over the years. A linear model would best fit this trend as it represents a constant rate of increase over time. Other models such as quadratic, logarithmic, power, or exponential would not be appropriate for this data as they represent a different type of growth or decline.

The Following Table Shows the Approximate Average Household Income in the U.S