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 X S Predict the price when the prime interest rate is 4.5%. Round the answer to at least four decimal places. When the prime interest rate is 4.5%, the price is predicted to be X S

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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
X
5
Predict the price when the prime interest rate is 4.5%. Round the answer to at least four decimal places.
When the prime interest rate is 4.5%, the price is predicted to be
X
S
Transcribed Image Text: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 X 5 Predict the price when the prime interest rate is 4.5%. Round the answer to at least four decimal places. When the prime interest rate is 4.5%, the price is predicted to be X S
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=2.3447317
b= 0.34056439
²=0.4432104
r=0.66574049
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: = 2.3447317X+0.34056439
X
S
Transcribed Image Text: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=2.3447317 b= 0.34056439 ²=0.4432104 r=0.66574049 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: = 2.3447317X+0.34056439 X S
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