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An economist examines the relationship between various individual's FICO scores, x , and the offered interest rate, y , for an auto loan. Based on
An economist examines the relationship between various individual's FICO scores,x, and the offered interest rate,y, for an auto loan. Based on data collected from 150 individuals, the research produces a linear correlation coefficientr=0.985 and a regression equation Y= -0.0764X + 61.3687.Predict the interest rate a person should expect to pay if their FICO score were 680.
9.42%
61.37%
7.64%
98.5%
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