Mathematics, 13.05.2021 17:10, gabischmid4340

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.

4. The following table gives the inflation rate and the corresponding prime lending rate for 7 diff

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4. The following table gives the inflation rate and the corresponding prime lending rate for 7 diffe...