The following table shows the approximate percentage of mortgages issued in the U.S. that are subprime (normally considered risky).

Year 1 2 3 4 5 6 7 8
% 3 4 5 8 11 13 13.5 14

a.Graph the data. Copy the graph here

b. Fit an exponential model. Write the equation. M(t) =

c.Fit a Logarithmic Model. Write the equation. M(t) =

d.Fit a cubic Model. Write the equation. M(t) =

e.Choose the model that best fits the data. Give a reason for you choice. M(t) =

f.Use the model to predict the percentage in year 10. How accurate is the prediction for year 15?

Question

The following table shows the approximate percentage of mortgages issued in the U.S. that are subprime (normally considered risky).

Year	1	2	3	4	5	6	7	8
%	3	4	5	8	11	13	13.5	14

a.Graph the data.  Copy the graph here

b. Fit an exponential model.  Write the equation.  M(t) =

c.Fit a Logarithmic Model.  Write the equation.  M(t) =

d.Fit a cubic Model.  Write the equation. M(t) =

e.Choose the model that best fits the data.  Give a reason for you choice.  M(t) =

f.Use the model to predict the percentage in year 10.  How accurate is the prediction for year 15?