Questions: MATH 1342 4.2 Least Squares Regression Line Question 10 of 11 (1 point) Question Attempt: 1 of Unlimited Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock (y) from the prime interest rate in percent (x). Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers). Regression line equation: y-hat = 2.26054252+0.34380511 x Part: 1 / 3 Part 2 of 3 What is the correlation between the interest rate and the yield of the stock? The correlation coefficient is .

MATH 1342 4.2 Least Squares Regression Line
Question 10 of 11 (1 point)  Question Attempt: 1 of Unlimited

Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock (y) from the prime interest rate in percent (x).

Part 1 of 3

Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers).
Regression line equation: y-hat = 2.26054252+0.34380511 x

Part: 1 / 3

Part 2 of 3

What is the correlation between the interest rate and the yield of the stock?
The correlation coefficient is .
Transcript text: MATH 1342 4.2 Least Squares Regression Line Question 10 of 11 (1 point) | Question Attempt: 1 of Unlimited Interpreting technology: The following display from the TI-84 Plus calculator presents the least-squares regression line for predicting the price of a certain stock $(y)$ from the prime interest rate in percent $(x)$. Part 1 of 3 Write the equation of the least-squares regression line. Use the full accuracy shown in the calculator output (do not round your answers). Regression line equation: $\hat{y}=2.26054252+0.34380511 x$ Part: $1 / 3$ Part 2 of 3 What is the correlation between the interest rate and the yield of the stock? The correlation coefficient is $\square$ .
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Solution

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Solution Steps

Step 1: Identify the correlation coefficient

The correlation coefficient is represented by 'r' in the calculator output.

Step 2: State the correlation coefficient value

The provided output shows r = 0.63246045.

Final Answer The correlation coefficient is 0.63246045.

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