Interest rates for home mortgages have, in general, declined during recent months. With the apparent favorable influence for new-home building, there seems to be a clear relationship between x = the prevailing mortgage interest rate and y = the number of new houses being built per month in a Midwestern city over a period of 18 months. A scatterplot of the data collected shows that the linear model is appropriate. The equation of the least-squares regression line is Number of new houses = 672.89- 30.65 x Interest rate and 2 = 0.49. What is the correlation coefficient between Interest rate and Number of new houses being built? (Give your answer to one decimal place.)

Q: Explain unified sentences with examples

A: The sentences that a presenter or writer prepares to define the unity of decisions are said to be…

Q: can you also explain what part is a. b. and c. please

A: A budget is an estimate of amount which is prepared by the management for various planning and…

Q: Define and expain

A: Detailed Explanation of Nursing1. Patient Care:Direct Care: Nurses provide hands-on care to…

Q: Question 4 a/ Which three term structure facts should a good theory explain?

A: A good theory of the term structure of interest rates should explain the following three facts:

Q: Define declaration date

A: Answer: Declaration data is nothing a date the dividends are declared. This is usually done first…

Q: pls hlp

A: Given, Market Price = $21

Q: What is indirect quote?

A: A quote is an expression of foreign exchange rate of one currency with domestic currency. Quote is…

Q: Question 8

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

Q: difference between ABC method and traditional method

A: Solution:- The following differences between ABC method and traditional method as follows under:-

Q: A figured out

A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: Maude Pasy $5000 a year into an annuity contract for 25 years. Maude is paying what?

A: Annuity contract is a contract which involves fixed amount of payment for a fixed period or for the…

Q: ifference between ABC method and conventional method

A: Solution:- The following differences between ABC method and conventional method (Traditional method)…

Q: Explanation 1031 like-kind exchange

A:

Q: Explain put–call parity relationship

A: Put-Call parity is the concept that defines the relationship between price of European call option…

Q: Explain Concept Syndications?

A: Syndication is a process by which small lenders come together and they lend the money to a big…

Q: date?

A: The FASB issues an Accounting Standards Update (Update or ASU) to communicate changes to the FASB…

Q: Define Reconciliation method

A: Bank reconciliation: Bank statement is prepared by bank. The company maintains its own records from…

Q: Define Volcker rule

A: Volcker Rule is a regulation that implies restrictions on the banks to involve in the stock market…

Q: Match the terms

A: Accounting principles are the accounting rules which an organization must follow while maintaining…

Q: Consistency Principal Definition

A: Generally Accepted Accounting Principles (GAAP):These are the guidelines necessary to create…

Q: Distinguish between cumulative or noncumulative?

A: cumulative and noncumulative preferred is assumed since the key term is not given.

Q: Describe Caveats?

A: A notice that is given to the court that it must give caveator a fair hearing before making any…

Q: A $385,000 house is to be purchased for 25% down and monthly payments of $1200 for as long as…

A: PV is the current worth of cash flows that are expected to occur in the future.

Q: Define direct quote

A: A direct quote can be computed using the following formula: Direct quote=1Indirect quote

Q: Define writing an option

A: Options refer to a contract that gives its buyer the right and not the obligation to buy or sell an…

Factors Affecting Housing Decision