Question: please help The given data represents the interest rate a bank would offer on an auto loan for various FICO scores. Credit Score Interest Rate


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The given data represents the interest rate a bank would offer on an auto loan for various FICO scores. Credit Score Interest Rate a. Construct a scatterplot. b. Compute and plot the least-squares regression line. Enter the equation in y = me: + 5 form. Round to 3 decimal places if needed. c. What is the slope of the least-squares regression line (including units). Interpret the meaning of the slope in this situation. Units Select an answer v Slope = ; 1 Select an answer v Interpretation: cl. Predict the interest rate a person would pay if her FICO score were 739. e. Compute the correlation coefficient r. 7-: hr 1'. Compute the coefcient of determination r2 . Interpret what it means in this situation. r2: Interpretation: g. Can you conclude that there is a linear correlation between credit score and interest rate? Use the a = 0.03 level of significance. State the null and alternative hypotheses. H0 : Select an answer v ? v Select an answer v H1: Select an answer v ? v Select an answer v Find the p-value. Decide: Select an answer v Ho Conclusion: At a = 0.03 significance level, there Select an answer v enough evidence to conclude that there is a linear correlation between credit score and interest rate
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