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A Bank Records the Number of Mortgage Applications and Its

question 6

Essay

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). Round the coefficients in equation to three decimal places. 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). Round the coefficients in equation to three decimal places.   ​ y' = __________
y' = __________


Definitions:

Societal Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a society.

Sex

An individual’s membership in one of two categories—male or female—based on biological factors.

Gender

A social construct that refers to roles, behaviors, activities, expectations, and identities that societies consider appropriate for men and women.

Educational Attainment

The highest level of education an individual has completed, often used as a measure of social progress.

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