A multiple regression analysis was performed to determine the relationship between the satisfaction rating for a new candy bar and the amount of chocolate used and the amount of caramel used. What is the mean value of the satisfaction rating, if the estimated regression equation is y=7.6+2.1X1-0.9X2, the amount of chocolate (x1 ) used is 0.35 ounce, and the amount of caramel (x2 ) used is 0.15 ounce?

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.