Answer:
(A) Interpretation is below
(B) The slope in the new units is now 60.45
The intercept in the new units is 38.634
(C) yes
(D) yes
Step-by-step explanation:
(A) The intercept here is 47. This means that the minimum response or payment is 47 (thousand dollars).
The slope is 650. This means that the change in Y due to a change in X is 650. In other words, if there is a change of 1(thousand square feet), there will be a resulting increase of 650(thousand dollars). It will result in an increase instead of decrease because the slope is positive or bearing a + sign.
(B) The new units are EUROS and SQUARE METRES.
$1 = €0.822
1s.f. = 0.093s.m.
The new fitted line would be:
0.822Y = 47(0.822) + (0.093)(650)X
0.822Y = 38.634 + 60.45X
The slope in the new units is 60.45 and the intercept on the y-axis is 38.634.
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The number of years the amount has been in the venture account with 12% interest per year is 4.
<h3>What is compound interest?</h3>
Compound interest is the interest on a loan or deposit calculated based on the initial principal and the accumulated interest from the previous period.
A sum of $2,500 was deposited in a venture account, which pays 12% compounded per year and it accumulated to $3,950.
Then the number of the years will be
We know the compound interest formula
where
A = Accumulated amount
P = Deposited value
r = rate of interest
t = time
Then we have
Taking log both sides, then we have
Then the number of the years is 4.
More about the compound interest link is given below.
brainly.com/question/25857212
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Set up a ratio and cross multiply.
After doing this you should come to find that M = three yards.
Hope this helps.