A bank records the number of mortgage applications (y) and its own prevailing interest rate (x) (at the first of the month) for each of 16 consecutive months. Interest 9.5 9.9 10.0 10.5 11.0 11.5 11.0 12.0 Number 26 29 25 25 19 20 16 14 Interest 12.0 12.5 13.0 13.5 13.0 12.5 11.5 11.5 Number 15 11 11 5 12 16 Find the best-fitting line for the data. (Round your values to three decimal places.) y' =

A bank records the number of mortgage applications (y) and its own prevailing interest rate (x) (at the first of the month) for each of 16 consecutive months. Interest 9.5 9.9 10.0 10.5 11.0 11.5 11.0 12.0 Number 26 29 25 25 19 20 16 14 Interest 12.0 12.5 13.0 13.5 13.0 12.5 11.5 11.5 Number 15 11 11 5 12 16 Find the best-fitting line for the data. (Round your values to three decimal places.) y' =

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...

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