The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price

Question:

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). image text in transcribed

a. Write the equation of the least-squares regression line.

b. What is the correlation between the interest rate and the yield of the stock?

c. Predict the price when the prime interest rate is 5%.

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Related Book For book-img-for-question

Elementary Statistics

ISBN: 9781259969454

3rd Edition

Authors: William Navidi, Barry Monk

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Question Posted: May 03, 2024 04:01 AM

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The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price

Question:

LinReg y=a+bx a=2.04528 b=.4323287293 r=.370434899 r=.6086336328

Step by Step Answer:

Elementary Statistics

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