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A Bank Records the Number of Mortgage Applications and Its

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A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month) for each of 16 consecutive months. Find the best-fitting line for the interest rate (x) and the number of applications (y) . A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month)  for each of 16 consecutive months. Find the best-fitting line for the interest rate (x)  and the number of applications (y) .   A)    B)  ​   C)  ​   D)  ​   E)  ​


Definitions:

Dominant Response

In social psychology, the most common or likely behavior a person displays in response to a specific stimulus or situation.

Arousal

Refers to the physiological and psychological state of being awoken or stimulated to action.

Asch

Refers to Solomon Asch, a psychologist known for his research on conformity and social pressure.

Line Comparison Experiment

An experiment, often associated with Solomon Asch's studies, that demonstrates how social pressure can influence individuals to conform, even when evidence contradicts the group's consensus.

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