Predict the price when the prime interest rate is 7%. Round the answer to at least four decimal places. Predict the price when the prime interest rate is 7%. Round the answer to at least four decimal places.When the prime interest rate is 7%, the price is predicted to be Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line forpredicting the price of a certain stock (y) from the prime interest rate in percent (x).LinRegy=a+bxa = 1.79563452b =0.372942317=0.4114455045r=0.64144018

In this case, the independent variable is the prime interest rate in percent (x) and the dependent…

Answered: Predict the price when the prime…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 23E

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Predict the price when the prime interest rate is 7%. Round the answer to at least four decimal places. When the prime interest rate is 7%, the price is predicted to be