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
Harbor Capital | |
Appreciation Fund | |
Share Price on Last | |
Month in 2000 | Day of Month |
10 | $48.16 |
11 | $41.50 |
12 | $35.58 |
Source:www.quicken.coni.
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