Loan applications received Interest rate (%) Loan applications 18 6.5 22 5.5 30 6. 24 8 16 8.5 18 6 28 6.5 27 7.5 20 8 17 21

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.2: Percents And Proportions
Problem 18E
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A bank wanted to find out whether the number of loan applications received are influenced by the current loan interest rate. The manager selected 11 monthly periods for which different interest rates applied and recorded the number of loan applications received.

(b) Show the data graphically in a scatter plot. What relationship is observed?

 

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Loan applications received
Interest rate (%)
Loan applications
18
6.5
22
5.5
30
6.
24
8
16
8.5
18
6
28
6.5
27
7.5
20
8
17
21
Transcribed Image Text:Loan applications received Interest rate (%) Loan applications 18 6.5 22 5.5 30 6. 24 8 16 8.5 18 6 28 6.5 27 7.5 20 8 17 21
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