find the least-squares regression line treating the FICO score, x, as the explanatory variable and the interest rate, y, as the response variable

ŷ = -0.07637X + 61.36874

Step-by-step explanation:

Score, x :

545

595

640

675

705

750

Interest %, y:

18.982

17.967

12.218

8.612

6.680

5.150

Using the ordinary least square regression calculator :

The equation of best fit obtained is :

ŷ = -0.07637X + 61.36874

Slope = - 0.07637 (depicts a negative relationship between the variables).

Intercept = 61.36874

Score, X = explanatory variable ; Interest rate, Y = response variable

salary

step-by-step explanation:

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!