Question
An actuary wanted to estimate the possible investment return (in millions) by analyzing two economic data - Gross Domestic Product (GDP) and Consumer Price Index
An actuary wanted to estimate the possible investment return (in millions) by analyzing two economic data - Gross Domestic Product (GDP) and Consumer Price Index (CPI). Suppose he got 21.50 for Intercept, 6.20 for GDP Coefficient and -0.17 for CPI coefficient as regression results. What would be the investment return if GDP=20 and CPI=3 ?
Choices are
a. 149.99
b. 194.99
c. 144.99
d. 144.94
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Basic College Mathematics (Subscription)
Authors: Elayn Martin Gay
6th Edition
0134844947, 9780134844947
