A Bank Records the Number of Mortgage Applications and Its

question 67

Short Answer

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. Is there a correlation between the interest rate (x) and the number of applicants (y), and if so, is it significant at the 5% or the 1% significance level? Round your answer to three decimal places.
​ ​ ​
__________, significant at __________%.

---

Definitions:

Continuous Improvement Change

An ongoing effort to enhance products, services, or processes through incremental and breakthrough improvements.

Incremental Change

A process of making small, gradual modifications or improvements to something over time.

Radical Change

Fundamental, transformative changes affecting the very core of an organization, its operations, or its strategy.

Transformational Change

A comprehensive shift in the strategy, structure, and culture of an organization, leading to significant improvements in performance and outcomes.