Loan applications received Interest rate (%) Loan applications 18 6.5 22 5.5 30 6. 24 8 16 8.5 18 6 28 6.5 27 7.5 20 8 17 21
Loan applications received Interest rate (%) Loan applications 18 6.5 22 5.5 30 6. 24 8 16 8.5 18 6 28 6.5 27 7.5 20 8 17 21
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
A bank wanted to find out whether the number of loan applications received are influenced by the current loan interest rate. The manager selected 11 monthly periods for which different interest rates applied and recorded the number of loan applications received.
(b) Show the data graphically in a
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Transcribed Image Text:Loan applications received
Interest rate (%)
Loan applications
18
6.5
22
5.5
30
6.
24
8
16
8.5
18
6
28
6.5
27
7.5
20
8
17
21
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