Business, 24.03.2021 16:50 s9066115

Juanita Cash, the operations planner for the First State Savings and Loan, is planning the next quarter's level of deposits. She suspects that First State's level of deposits is directly related to the interest rate paid. The recent historical data are as follows. Regression Statistics

Multiple R 0.995047482
R Square 0.990119491
Adjusted R Square 0.987649363
Standard Error 0.503701313
Observations 6

ANOVA
df SS MS
Regression 1 101.6984733 101.7
Residual 4 1.014860051 0.2537
Total 5 102.7133333

Coefficients Standard Error t Stat

Intercept -39.5559796 2.749298366 -14.39
Interest Rate % X 11.14503817 0.556669499 20.021

For each one percent increase in the interest rate, by how much do the deposits increase?

Answers: 2

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