A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table. A random sample of bills and resulting tips were collected and the following regression results were observed: SUMMARY OUTPUT Given this output, the upper limit for the 95 percent confidence interval estimate for the true regression slope coefficient is approximately 0.28.

Question

A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table. A random sample of bills and resulting tips were collected and the following regression results were observed: SUMMARY OUTPUT  Given this output, the upper limit for the 95 percent confidence interval estimate for the true regression slope coefficient is approximately 0.28.

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The Answer of A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table. A random sample of bills and resulting tips were collected and the following regression results were observed: SUMMARY OUTPUT  Given this output, the upper limit for the 95 percent confidence interval estimate for the true regression slope coefficient is approximately 0.28.

A Study Was Recently Performed by the Internal Revenue Service