Question
Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock y from
Interpreting technology:The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock y from the prime inter
Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers).
LinReg
y= a+bx
a= 1.63243655
b= 0.38612102
r^2 = 0.4044584896
r= 0.63597051
A. Regression line equation: =y
B. What is the correlation between the interest rate and the yield of the stock? C. Predict the price when the prime interest rate is 6%. Round the answer to at least four decimal places.
.
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