A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month) for each of 16 consecutive months. Is there a correlation between the interest rate (x) and the number of applicants (y), and if so, is it significant at the 5% or the 1% significance level? Round your answer to three decimal places.

__________, significant at __________%.

Question

A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month) for each of 16 consecutive months. Is there a correlation between the interest rate (x) and the number of applicants (y), and if so, is it significant at the 5% or the 1% significance level? Round your answer to three decimal places.
​  ​  ​
__________, significant at __________%.

Quizplus · Accepted Answer

The Answer of A bank records the number of mortgage applications and its own prevailing interest rate (at the first of the month) for each of 16 consecutive months. Is there a correlation between the interest rate (x) and the number of applicants (y), and if so, is it significant at the 5% or the 1% significance level? Round your answer to three decimal places.
​  ​  ​
__________, significant at __________%.

A Bank Records the Number of Mortgage Applications and Its