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01. The CEO of a housing company has data on housing loan on various mortgage rates hired you as a statistician: using this data answer
01. The CEO of a housing company has data on housing loan on various mortgage rates hired you as a statistician: using this data answer the following questions, Housing Loan ($100's) Mortgage Rate (%) 16 9 11 11 20 8 22 21 8 17 10 19 9 18 10 14 12 10 14 1. What are the assumptions of a regression model? Explain briefly. 2. identify the dependent and independent variables. Why? 3. Find the regression line, draw and interpret the model. 4. Find the value of the correlation of determination (r?) and interpret it. 5. Construct the confidence interval for slope, when a= 0.05 and interpret it. 6. Test the regression model (slope) with a 10% level of significance and interpret it
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