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An economist was interested in the relationship between the number of new home builds and the mortgage rate (%), for a small city. A random
An economist was interested in the relationship between the number of new home builds and the mortgage rate (%), for a small city. A random sample of past data was selected, and Excel used to create the following regression output. a) Write the estimated simple linear regression equation, using the names of the variables. b) Interpret the correlation coefficient, in the context of this question. c) Interpret the slope.