Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock (y) from the prime interest rate in percent (x). LinRed y=a+bx a = 2.39562641 b=0.37929688 2= 0.4130321711 r=0.64267579 Part: 0/ 3 Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers). Regression line equation: y =
Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock (y) from the prime interest rate in percent (x). LinRed y=a+bx a = 2.39562641 b=0.37929688 2= 0.4130321711 r=0.64267579 Part: 0/ 3 Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers). Regression line equation: y =
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:Espan
Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain
stock (y) from the prime interest rate in percent (x).
LinReg
y=a+bx
a = 2.39562641
do
b=0.37929688
2=0.4130321711
r=0.64267579
Part: 0 /3
Part 1 of 3
Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers).
Regression line equation: y =
Part 2 of 3
What is the correlation between the interest rate and the yield of the stock?
The correlation coefficient is
Part: 2 /3
Part 3 of 3
Predict the price when the prime interest rate is 6%. Round the answer to at least four decimal places.
When the prime interest rate is 6%, the price is predicted to be
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman