[Solved] \[\begin{array}{l} \text { Find the equation of the regression line. }\\ \begin{array} { c | c c c c c c } x & 50 & 58 & 43 & 52 & 47 & 42 \\ \hline y & 184 & 187 & 163 & 171 & 171 & 144 \end{array} \end{array}\] Effective Annual Rate: The interest rate on an investment or loan on an annual basis, taking compounding into account. Compounded Continuously: A method of calculating interest where the frequency of compounding is infinitely small, effectively occurring every moment, leading to exponential growth. Stated Rate: The interest rate declared on a financial instrument, such as a bond or loan, without adjusting for compounding or fees. Compounded Annually: A method of calculating interest where the interest earned or paid is added to the principal, resulting in interest on interest in subsequent periods.

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question 22

Short Answer

$\begin{array}{l}\text { Find the equation of the regression line. }\\\begin{array} { c | c c c c c c } x & 50 & 58 & 43 & 52 & 47 & 42 \\\hline y & 184 & 187 & 163 & 171 & 171 & 144\end{array}\end{array}$

Definitions:

Effective Annual Rate

The interest rate on an investment or loan on an annual basis, taking compounding into account.

Compounded Continuously

A method of calculating interest where the frequency of compounding is infinitely small, effectively occurring every moment, leading to exponential growth.

Stated Rate

The interest rate declared on a financial instrument, such as a bond or loan, without adjusting for compounding or fees.

Compounded Annually

A method of calculating interest where the interest earned or paid is added to the principal, resulting in interest on interest in subsequent periods.