I The relationship between interest rates as a percent X and
I. The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear equation = 4094 - 269X. a. What will be the number of housing starts if the interest rate is 8.25%? b. At what interest rate will there be no permits for housing starts? c. For what interest rate will the maximum number of housing starts be achieved?
Solution
