There seems to be a clear relationship between the prevailing mortgage interest rates x and the number of new houses being built per month in a midwestern city y over a period of 18 months. A...

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There seems to be a clear relationship between the prevailing mortgage interest rates x and the number of new houses<br>being built per month in a midwestern city y over a period of 18 months. A scatterplot of the data collected shows that<br>the linear model is appropriate. The equation of the least-squares regression line is number of new houses<br>= 672.89 – (30.65 × interest rate) and r? = 0.49. The association between the interest rate and the number of new<br>houses is:<br>O positive.<br>unknown.<br>zero.<br>negative.<br>

Extracted text: There seems to be a clear relationship between the prevailing mortgage interest rates x and the number of new houses being built per month in a midwestern city y over a period of 18 months. A scatterplot of the data collected shows that the linear model is appropriate. The equation of the least-squares regression line is number of new houses = 672.89 – (30.65 × interest rate) and r? = 0.49. The association between the interest rate and the number of new houses is: O positive. unknown. zero. negative.

Jun 08, 2022

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There seems to be a clear relationship between the prevailing mortgage interest rates x and the number of new houses being built per month in a midwestern city y over a period of 18 months. A...

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