The Relationship Between Interest Rates as a Percent (X) and Housing

question 57

Multiple Choice

The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear
Equation Y' = 4094 - 269X.
What will be the number of housing starts if the interest rate rose to 16%?

• A) 1875
• B) 1785
• C) -4094
• D) Zero, since you can't have negative housing starts.

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