subject
Mathematics, 13.05.2021 17:10 gabischmid4340

4. The following table gives the inflation rate and the corresponding prime lending rate for 7 different years. The equation of the regression line is: prime lending rate = 3.175 + .654(inflation rate). A. What is the predicted prime lending rate when the inflation rate stands at 6%? 7.2

B. What is the value of the residual when the inflation rate is 5.8%?

C. Interpret the slope of the regression line for this situation.

D. An eager economist uses these data to predict that the prime lending rate would be 16.26 if the inflation rate rose to 20%. Comment on this prediction.


4. The following table gives the inflation rate and the corresponding prime lending rate for 7 diff

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 13:00
Small kingdoms on the iberian peninsula fought to take land back from the moors during which event? the hundred years’ war the wars of the roses the reconquista the great schism
Answers: 2
question
Mathematics, 21.06.2019 21:50
Which value of y will make the inequality y< -1 false?
Answers: 2
question
Mathematics, 21.06.2019 22:00
Mrs. avila is buying a wallpaper border to go on all of her kitchen walls. she wants to buy 5 extra feet of wallpaper border than she needs to be sure she has enough. she buys 55.5 feet of the border. the store owner selling the border uses the width of mrs. avila's kitchen to determine that the length of her kitchen must be 14.5 feet.
Answers: 2
question
Mathematics, 21.06.2019 23:00
What ia the sum if the first 7 terms of the geometric series
Answers: 2
You know the right answer?
4. The following table gives the inflation rate and the corresponding prime lending rate for 7 diffe...
Questions
question
Spanish, 06.03.2021 01:00
question
Mathematics, 06.03.2021 01:00
question
Health, 06.03.2021 01:00
question
Arts, 06.03.2021 01:00
question
English, 06.03.2021 01:00
Questions on the website: 13722363