Answer:
(a): y increases on average by 8.63/unit of x1 in the first equation and increases on average by 9.01/unit of x1 in the second
(b): Yes
Step-by-step explanation:
Given


Solving (a): An interpretation of x1 coefficient
We have the coefficients of x1 to be 8.63 and 9.01
Literally, the coefficient represents the average change of y-variable per unit increase of the dependent variable
Since the coefficients of x1 in both equations are positive, then that represents an increment on the y variable.
So, the interpretation is:
y increases on average by 8.63/unit of x1 in the first equation and increases on average by 9.01/unit of x1 in the second
Solving (b): Multicollinearity
This could be the cause because x1 and x2 are related and as a result, x2 could take a part of the coefficient of x2
Given:
principal: 5,500
term: 4 years
interest rate: 4.8% per annum
early wdl of 475
penalty is the 3 months interest of the amount withdrawn.
Interest = 475 * 4.8% * 3/12
Interest = 475 * 1.2%
interest = 5.7 is the amount of the penalty
Answer:6 5/8
Step-by-step explanation:
If we know that both are below average we can add them together to get the below average awnser for the 2 months.
Answer:
x= 7
Step-by-step explanation:
4x+9 =11x-61
9 = 7x - 61
70 = 7x
x = 7