Are there factors other than interest rate charged for a loan that


 Scenario Analysis: Cars Sold

A finance overseer employed by an automobile dealership believes that the estimate of cars sold in his national negotiate can be predicted by the attention reprove abounding for a mortgage.

Interest Reprove (%)

Number of Cars Sold (100s)

3

10

5

7

6

5

8

2

 

The finance overseer done a retreat partition of the estimate of cars sold and attention reproves using the exemplification of axioms overhead. Shown under is a share of the retreat output.

Regression Statistics

Multiple R

0.998868

R2

0.997738

 

 

Coefficient

Intercept

14.88462

Interest Rate

-1.61538

 

1  -Are there elements other than attention reprove abounding for a mortgage that the finance overseer should investigate in predicting advenient car sales?

2  -Is attention reprove abounding for a mortgage the most great element to be investigateed in predicting advenient car sales? Explain your rationalistic. The dealership’s vice-president of negotiateing has requested a sales expect at the operative attention reprove of 7%.

3  -As finance overseer, what reasons would you take to the vice-president in recommending this expecting pattern?

4 -Is the premonstration of car sales at 7% a thought of the present downturn in the husbanding? How sway this contact the dealership’s matter?

 

 

 Specifically, the aftercited exact elements must be addressed:

1-Main Elements

2-Integration and Application

3-Analysis

4-Critical Thinking