The following data have been collected for a simple linear regression analysis relating sales (y) to price (x): In applying the least squares criterion, the slope (b) and the intercept (a) for the best-fitting line are b = -12 and a = 162.Produce the 99% confidence interval estimate of the population slope, β.Report the upper bound for your interval.
A)-16.7
B)40.5
C)21.4
D)-15.2
E)26.9

Question

The following data have been collected for a simple linear regression analysis relating sales (y) to price (x):  In applying the least squares criterion, the slope (b) and the intercept (a) for the best-fitting line are b = -12 and a = 162.Produce the 99% confidence interval estimate of the population slope, β.Report the upper bound for your interval.
A)-16.7 
B)40.5 
C)21.4 
D)-15.2 
E)26.9

Quizplus · Accepted Answer

The Answer of The following data have been collected for a simple linear regression analysis relating sales (y) to price (x):  In applying the least squares criterion, the slope (b) and the intercept (a) for the best-fitting line are b = -12 and a = 162.Produce the 99% confidence interval estimate of the population slope, β.Report the upper bound for your interval.
A)-16.7 
B)40.5 
C)21.4 
D)-15.2 
E)26.9

The Following Data Have Been Collected for a Simple Linear