Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LinRegY=a+bx A=2.3809229B= 0.36710471r^2= 0.395492092r= 0.62888162 Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator

LinRegY=a+bx A=2.3809229B= 0.36710471r^2= 0.395492092r= 0.62888162

image text in transcribed
Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answer Regression line equation: y 2.3809229 + 0.36710471x Part 2 of 3 What is the correlation between the interest rate and the yield of the stock? The correlation coefficient is |0.62888162 Part: 2 / 3 Part 3 of 3 Predict the price when the prime interest rate is 4.5%. Round the answer to at least four decimal places. When the prime interest rate is 4.5%, the price is predicted to be X 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Webassign For Applied Calculus

Authors: James Stewart

1st Edition

1337771953, 9781337771955

More Books

Students also viewed these Mathematics questions