14. A Private bank want to know whether their mortgage rate is in line with the data history of mortgage rate and the median home price. They build their analysis in 2004 based on the data below. To...

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Extracted text: 14. A Private bank want to know whether their mortgage rate is in line with the data history of mortgage rate and the median home price. They build their analysis in 2004 based on the data below. To make their analysis simple, they use simple linear analysis. Year Interest Rate (%) Median Home Price (USD) 1988 10.30 181,800 1989 10.30 163,200 1990 10.10 157,200 1991 9.30 173.500 1992 8.40 185,900 1993 7.30 178,200 173,200 1994 8.40 1995 7.90 187,700 1996 7.60 181,500 1997 7.60 194,900 1998 6.90 210,900 203,200 1999 8.40 2000 8.10 205,200 2001 7.00 252,200 2002 6.50 282,800 2003 5.80 279,800 If their interest rate currently is 6.10% and the median home price in the market is $250,700, what can you conclude?