An article on the cost of housing in california† included the following statement: "in northern california, people from the san francisco bay area pushed into the central valley, benefiting from home prices that dropped on average $4,000 for every mile traveled east of the bay." if this statement is correct, what is the slope of the least-squares regression line, ŷ = a + bx, where y = house price (in dollars) and x = distance east of the bay (in miles)? answer

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan