A bank records the number of mortgage applications (y) and its own prevailing interest rate (x) (at the first of the month) for each of 16 consecutive months. Interest 9.5 9.9 10.0 10.5 11.0 11.5 11.0 12.0 Number 26 29 25 25 19 20 16 14 Interest 12.0 12.5 13.0 13.5 13.0 12.5 11.5 11.5 Number 15 11 11 5 12 16 Find the best-fitting line for the data. (Round your values to three decimal places.) y' =

A bank records the number of mortgage applications (y) and its own prevailing interest rate (x) (at the first of the month) for each of 16 consecutive months. Interest 9.5 9.9 10.0 10.5 11.0 11.5 11.0 12.0 Number 26 29 25 25 19 20 16 14 Interest 12.0 12.5 13.0 13.5 13.0 12.5 11.5 11.5 Number 15 11 11 5 12 16 Find the best-fitting line for the data. (Round your values to three decimal places.) y' =

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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