What is the equation that predicts mortgage amount from, Ask an Expert

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r= -0.84

mean mortgage amount = $151.9 milliom
mean interest rate amount = 8.88%
mean mortgage amount =
standard deviation = $23.86 million mortgage amount
standard deviation = 2.58% interest rate

what is the equation that predicts mortgage amount from interest rate? Compute the slope of the straight line

-compute the y-intercept of the straight line
-determine the equation

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Category:- Statistics and Probability
Reference No.:- M9399255

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