Course Home MTH 243 -Fall 2017 Homework: Module 10 HW -- Ch. 6, 7, 8 Score: 0 of
ID: 3316038 • Letter: C
Question
Course Home MTH 243 -Fall 2017 Homework: Module 10 HW -- Ch. 6, 7, 8 Score: 0 of 1 pt 8.1.35 53of53(41 complete) Here's a plot showing the interest rate on a 3-month bond from 1950 to 1980, and a regression model to the relationship between the Rate (in %) and Years since 1950. Complete parts a through d 121 G 0 15 30 Years since 1950 a) What is the correlation between rate and year? 0.88 Round to two decimal places as needed.) b) Interpret the slope and intercept On average, interest rates during this period Round to two decimal places as needed.) | at about [-1% per year, starting from an interest rate of about %. increased decreased Enter your answer in the edit fields and then click Check Answer Clear Al ga888 F4 FS F7 F8Explanation / Answer
Here The intercept is 0.1354
And the slope is 0.2634
On average interest rate during this period incresed at about 0.2634% per year, starting from the interest rate of about 0.1354%