Problem

In Exercises , do the following:(a) Draw the scatter plot.(b) Find the equation of the lin...

In Exercises , do the following:

(a) Draw the scatter plot.
(b) Find the equation of the line of best fit.
(c) Interpret the meaning of the slope and the y-intercept of the model.
(d) Explain why you do or do not believe that the model would be a useful tool for businesses and/or consumers.

Share Price

Month in 2001	CREF Stock Retirement Annuity Share Price on Last Day of Month
3	$164.5760
6	$173.1588
9	$146.4102

Source: TIAA-CREF statement.

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Solutions For Problems in Chapter 1.3

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