Answer
$\hat y = 1.402x - 0.0012$.
Hence, if S&P 500 increases by 1 point, the GE stock rate will increase by 1.40% on average.
Work Step by Step
Given above.
Statistics: Informed Decisions Using Data (4th Edition)
by Sullivan III, Michael
Published by
Pearson
ISBN 10:
0321757270
ISBN 13:
978-0-32175-727-2
Chapter 4 - Section 4.3 - Assess Your Understanding - Applying the Concepts - Page 233: 31g
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