In a Study of 30 Customers' Utility Bills in Which

question 39

True/False

In a study of 30 customers' utility bills in which the monthly bill was the dependent variable and the number of square feet in the house is the independent variable,the resulting regression model is = 23.40 + 0.4x.Given this,the sample correlation coefficient is known to be positive.

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Definitions:

Loan

A borrowed amount of money that should be returned along with an additional interest payment.

Nominal Interest Rate

The stated annual interest rate on which the compound-interest calculation is based.

Annually Compounded

Interest on an investment that is calculated once a year on both the initial principal and the accumulated interest from previous periods.

Nominal Rate

The annual interest rate not adjusted for inflation or the compounding of interest.