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Question 2 10 pts An economist want to determine the relation between one's FICO score, x, and the interest rate ofa 36-month auto loan, y.
Question 2 10 pts An economist want to determine the relation between one's FICO score, x, and the interest rate ofa 36-month auto loan, y. The given data represent the interest rate (in percent} a bank would offer on a 36-month auto load for various FICO scores. Credit Interest Rate Score;x (percent);y 545 18.982 595 17.967 640 12.218 675 8.612 705 6.68 750 5.15 1. Find the least-squares regression line treating the FICO score as the explanatory variable and the interest rate as the response variable. 2. Predict the interest rate a person would pay if their FICO score were the median score of 723
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