CHAPTER 27 be found in a book 21. (Regression analysis) Outdoor people know that cricket chip faster whe the temperature is warmer. Some evidence for this can be found in published in 1948 by Harvard plus pole George W. Pierce Pierce book includes the table below, which res the average number of ancka chirps per minute to the temperature which the data were recorded the data in an Excel graph, and use regression to determine the romane) relation between the number of chirps per cond and the temperature. Myor detect 19 chirps per second, what would you guess the temperature to be What about 22 chirps a second? (We know this problem has wothing to with finance, but it's interesting!) Chirps per second Temperature in Farenheit 38.60 198 18.4 15.5 14.7 17.1 15.4 16.2 15.0 172 16.0 9330 84.30 80.60 7520 69.70 82.00 69.40 83 30 79.60 82.60 80.60 83.50 76.30 17.0 22. (Regression analysis) Economists have long believed that the greater the amount of money printed, the higher the long-term interest rates. Evidence for this view can be found in the table below, which gives long-term govern- ment bond rates for 31 countries and the corresponding growth rate of money supply for each country. a. Plot the data, and use a regression to find the relation between the money growth and the long-term bond interest rate. b. If a country has zero money growth, what is its predicted long-term bond interest rate? Additional facts: Cricket chirping is produced by the rapid sliding of the cricket's wings one over the other. The higher the temperature, the faster the crickets slide their wings. George W. Pierce's book is called The Songs of Insects and was published by Harvard University Press 1 The data were first presented in an article entitled "Money and Interest Rates," by Cyril Monnet and Warren Weber in the Federal Reserve Bank of Minneapolis Quarterly Review, fall 2001. Our thanks to the authors for providing us with an Excel version of their data