SOLUTION: The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear equation Ŷ = 4094 - 269X. At what interest rate will there be no permits
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Question 927502: The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear equation Ŷ = 4094 - 269X. At what interest rate will there be no permits for housing starts? Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website! Ŷ = 4094 - 269X.
At what interest rate will there be no permits for housing starts?
0 = 4094 - 269X
4094 = 269X
4094/269 = X = 15.2193 % rounded
