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 =

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Author:Amos Gilat
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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
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
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