According to Industry Sources, Online Banking Is Expected to Take

question 100

Multiple Choice

According to industry sources, online banking is expected to take off in the near future. The projected number of households (in millions) using this service is given in the following table: (Here, x = 0 corresponds to the beginning of 1998.) Find an equation of the least-squares line for these data. Please round the coefficients in your equation to three decimal places. Use the result to estimate the number of households using online banking at the beginning of 2007, assuming the projection is accurate.

• A) y = 2.709x + 4.662; 29.043 million
• B) y = 2.709x + 4.662; 28.813 million
• C) y = 12.3x + 21.06; 131.390 million
• D) y = 12.3x + 21.06; 131.760 million

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Definitions:

Guo and Saxton

Researchers known for their contributions to the study of social media communication strategies within nonprofit organizations.

External Public

Refers to individuals or groups outside of an organization who are stakeholders or are affected by the organization's actions.

CEO

Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Interview

An interview is a formal conversation where questions are asked to obtain information, often used in research, journalism, and employment processes to assess qualifications or gather insights.