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  3. suppose the federal outlays y in billions of dollars for...

Question: suppose the federal outlays y in billions of dollars for...

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Suppose the federal outlays y (in billions of dollars) for elementary, secondary, and vocational education in a country in the years 2001 through 2005 are shown in the table. Year 2000 2001 2002 2003 2004 2005 Outlay20.024.028.032.36.241.4 A mathematical model for the data is given by the formula below, where t represents the year, with t- 0 corresponding to 2000 0.1392+3.5t 20.3 (a) Compare the actual outlays with those given by the model. How well does the model fit the data? Explain The model is a -Select-▼ fit because the actual data is Select-▼ the values given by the model (b) Use the model to predict the outlays in 2010. (Round your answer to one decimal place.) billion

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