Using the Regression Formula with a Slope = 0

question 26

Multiple Choice

Using the regression formula with a slope = 0.504 and an intercept = 0.719,what would the predicted college GPA be for a student whose current high school GPA = 3.2?

• A)2.69
• B)2.33
• C)3.00
• D)3.20

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Installment Sales Contract

A sales agreement that allows the buyer to make payments over a period of time in exchange for goods or services.

Amortization Schedule

A table detailing each periodic payment on an amortizing loan (like a mortgage), showing the amount of each payment that goes towards principal and interest over the loan term.

Interest Rate

The amount charged by a lender to a borrower for the use of assets expressed as a percentage of the principal.