Examlex

Solved

Line of Best Fit = -0 A) 8.6758.675 B) 9.0649.064 C) 8.8748.874 D) 8.6698.669

question 129

Multiple Choice

Line of best fit = -0.68x + 82.91
Choose the one alternative that best completes the statement or answers the question.
-A survey of the interest rates earned by Certificates of Deposit (CDs) showed the following percents for the length of time (in years) for holding the CD. Let length of time represent the independent variable and interest
Rate represent the dependent variable. Use a graphing utility to draw a scatter diagram and to find the line of
Best fit. What is the estimate of the interest rate for a CD held for 30 years (to the nearest thousandth) ?  CD Maturity (yrs)   Interest rate (%) 58.458108.470158.496208.580258.625\begin{array} { l | l } \text { CD Maturity (yrs) } & \text { Interest rate } ( \% ) \\\hline 5 & 8.458 \\10 & 8.470 \\15 & 8.496 \\20 & 8.580 \\25 & 8.625\end{array}


Definitions:

Extensive Form

A representation of a game that displays the sequence of choices available to players and the outcomes achieved from these choices.

Sequential Game

A type of game in game theory where players make decisions or take actions in turn, with each player's decision influencing the next player's set of available choices.

Economic Profits

The net amount left when a business subtracts its full range of costs, explicit and implicit, from its entire revenue.

New Market

An emerging or previously unexplored segment of an industry where a business can expand or introduce its products or services.

Related Questions