Question:

The number of federal income tax returns filed

Last updated: 8/8/2022

The number of federal income tax returns filed

The number of federal income tax returns filed electronically since 1995 is estimated by y = 5.6524x + 8.731, where y is the number of returns (in millions) and x is the number of years since 1995. Which of the following statements interprets the equation for this situation? 1) The number of federal income tax returns filed electronically has decreased at an average rate of about 8.731 million returns per year since 1995. 2) The number of federal income tax returns filed electronically has increased at an average rate of 5.6524 million returns per year since 1995. 3) The number of federal income tax returns filed electronically has decreased at an average rate of 5.6524 million returns per year since 1995. 4) The number of federal income tax returns filed electronically has increased at an average rate of about 8.731 million returns per year since 1995.