The table below represents the number of loans approved for different amounts during the second half of 2021. A linear relationship is expected. Loan amount in R100 000s X 2 3 4 5 6 If the loan amount is set at 7 (loan amount in R100 000s), what is the value of the predicted approximated number of loans approved? A. 10 B. 55 C. 6 D. 9 Number of loans approved y 15 20 18 13 9

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 31EQ
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The table below represents the number of
loans approved for different amounts
during the second half of 2021. A linear
relationship is expected.
Loan amount in R100 000s
X
2
3
4
5
6
If the loan amount is set at 7 (loan amount
in R100 000s), what is the value of the
predicted approximated number of loans
approved?
A. 10
B. 55
C. 6
D. 9
Number of loans approved
y
15
20
18
13
9
Transcribed Image Text:The table below represents the number of loans approved for different amounts during the second half of 2021. A linear relationship is expected. Loan amount in R100 000s X 2 3 4 5 6 If the loan amount is set at 7 (loan amount in R100 000s), what is the value of the predicted approximated number of loans approved? A. 10 B. 55 C. 6 D. 9 Number of loans approved y 15 20 18 13 9
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