Find equation to predict mortgage amount from interest rate

Reference no: EM13157105

r= -0.84
mean mortgage amount = $151.9 milliom
mean interest rate amount = 8.88%
mean mortgage amount =
standard deviation = $23.86 million mortgage amount
standard deviation = 2.58% interest rate

what is the equation that predicts mortgage amount from interest rate?
-compute the slope of the straight line

-compute the y-intercept of the straight line
-determine the equation

Reference no: EM13157105

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