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More Info Month Interest Rate, % Number of Loans 1 9 22 23456 4 32 3 30 11 20 14 19 7 25 Print Done
More Info Month Interest Rate, % Number of Loans 1 9 22 23456 4 32 3 30 11 20 14 19 7 25 Print Done 9 More Info 9 14567810 30 - X 00 INDO 11 20 14 19 7 25 10 17 le 8 18 8 31 17 5 Print Done The following table lists the number of home improvement loans approved by a finance company, along with the loan interest rate Click the icon to view the data table. a. Develop a regression forecast model using the interest rate (in %) as the predictor (ie, independent) variable. The regression model is Number of loans = +0x Interest rate. (Enter your responses rounded to two decimal places and include a minus sign if necessary.) b. If the interest rate is 13%, the bank should expect to make loans. (Enter your response rounded to the nearest whole number) If the interest rate is 9.5%, the bank should expect to make loans. (Enter your response rounded to the nearest whole number.)
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