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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
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. Devolop a regression forocast model using the interest rate (in \%) as the predictor (ie, independent) variable. The regression model is Number of loans = x interest rate. (Enfer your responses rounded to two decimal ploces and include a minus aign 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 10.5%, the bank should expect to make loans. (Enter your response rounded to the nearest whole number) More Info
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