Compute the slope and y-intercept of the straight line

Reference no: EM13119035

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

Reference no: EM13119035

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