4. The following table gives the inflation rate and the corresponding prime lending rate for 7 different years. The equation of the regression line is: prime lending rate = 3.175 + .654(inflation rate). A. What is the predicted prime lending rate when the inflation rate stands at 6%? 7.2

B. What is the value of the residual when the inflation rate is 5.8%?

C. Interpret the slope of the regression line for this situation.

D. An eager economist uses these data to predict that the prime lending rate would be 16.26 if the inflation rate rose to 20%. Comment on this prediction.

i think this could be a possible answer (1 / 84) -1

good luck! : d

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.

y = 3x+4

step-by-step explanation:

to find the slope

slope = (y2-y1)/ (x2-x1)

    = (-8-4)/ (-4-0)

    = -12/-4

  = 3

using the slope intercept form of a line

y= mx+b

we know the slope is 3

we know the y intercept is 4 ( the point where it crosses the y axis or x=0)

y = 3x+4

i dont know the answer but here's a picture of a dog