LINEAR ALGEBRA: MODERN INTRO
LINEAR ALGEBRA: MODERN INTRO
4th Edition
ISBN: 9780357539262
Author: POOLE
Publisher: CENGAGE L
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Week 3: Mortgages and Amortiza X + rses/167748/assignments/5379530?module_item_id=23896312 11:59pm Points 10 Submitting an external tool Gider the following monthly amortization schedule: Payment # Payment Interest Debt Payment Balance 1 1,167.34 540.54 626.80 259,873.20 2 1,167.34 539.24 628.10 259,245.10 3 1,167.34 With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loa Round your answer to the nearest hundredth of a percent. Do NOT round until you calculate the final answer. * Previous a E
Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which show the numbers of these coffees sold over six different price values: Price Number Sold $2.70 765 $3.50 515 $2.00 990 $4.30 240 $3.10 325 $4.00 475 Using simple linear regression and given that the price per cup is $1.85, the forecasted demand for mocha latte coffees will be cups (enter your response rounded to one decimal place).
Given the correlation coefficient (r-value), determine the strength of the relationship. Defend your answers
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