Household income: The following table shows the median income, in thousands of dollars, of American families. a. Plot the natural logarithm of the data. Does it appear reasonable to model family...

Household income: The following table shows the median income, in thousands of dollars, of American families.

a. Plot the natural logarithm of the data. Does it appear reasonable to model family income using an exponential function?

b. Find the equation of the regression line for the natural logarithm of the data. c. Construct an exponential model for the original income data using the logarithm as a link.