What's the pattern in 30 21 12 3 -6
2 answers:
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Answer:
With representing the slope we have that:
And we are interest on this case the interpretation about the slope and we can conclude that:
For every unit increase in literacy rate (percent of the population that is literate) the age difference (husband minus wife age) falls by 0.0437 units, on average.
Step-by-step explanation:
For this case we have that the regression model adjusted between age difference (husband minus wife age) representing the y variable and literacy rate (percent of the population that is literate) representing the variable x is given by:
where
And we know that the method used in order to adjust the regression line was least squares.
For this case our dependent variable is y = age difference (husband minus wife age) and the independent variable is x=literacy rate (percent of the population that is literate)
If we compare the regression model adjusted with the linear regression model:
With representing the slope we have that:
And we are interest on this case the interpretation about the slope and we can conclude that:
For every unit increase in literacy rate (percent of the population that is literate) the age difference (husband minus wife age) falls by 0.0437 units, on average.
The amount Jerry paid in interest is $1,040.
Given to us,
Jerry's principal amount = $ 22,000,
quarterly payment for each quarter = $ 640
Total time for which Jerry paid each quarter = 9 years
As We know that in a year there are 4 quarters,
so, ,
,
9 years = 36 quarters,
The total amount paid by Jerry for nine years in each quarter =
quarterly payment for each quarter x no. of quarters for which amount paid
Thus, the total amount paid by Jerry for nine years in each quarter is $23,040.
Therefore,
,
Hence, the amount Jerry paid in interest is $1,040.
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