The data below gives the average interest rate (as a percent), x, and the number of loans issued for a local bank, y, over a period of 6 months. Compute the regression line, y a + bx, and the correlation coefficient r for the data. Round all values to the nearest thousandth (three decimal places). Interest rate, x 5.1 6.9 6.6 5,7 4.6 S.8 2 Number of loans, y 17 14 20 6.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 22PFA
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The data below gives the average interest rate (as a percent), x, and the number of
loans issued for a local bank, y, over a period of 6 months. Compute the regression
line, y = a + bx, and the correlation coefficient r for the data. Round all values to the
nearest thousandth (three decimal places).
Interest rate, x
Number of loans, y 17
5.1 6.9 6.6 5.7 4.6 5.8
2
14
20
Transcribed Image Text:The data below gives the average interest rate (as a percent), x, and the number of loans issued for a local bank, y, over a period of 6 months. Compute the regression line, y = a + bx, and the correlation coefficient r for the data. Round all values to the nearest thousandth (three decimal places). Interest rate, x Number of loans, y 17 5.1 6.9 6.6 5.7 4.6 5.8 2 14 20
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