TABLE 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual, the number of traffic tickets received by the individual, and the population density of the city in which the individual lives. You performed a regression analysis in Excel and obtained the following information:

-Referring to Table 14-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become 1 year older (i.e., the slope coefficient for AGE) is ?-0.82 ± ________.

Question

TABLE 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual, the number of traffic tickets received by the individual, and the population density of the city in which the individual lives. You performed a regression analysis in Excel and obtained the following information:
 
-Referring to Table 14-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become 1 year older (i.e., the slope coefficient for AGE) is ?-0.82 ± ________.

Quizplus · Accepted Answer

The Answer of TABLE 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual, the number of traffic tickets received by the individual, and the population density of the city in which the individual lives. You performed a regression analysis in Excel and obtained the following information:
 
-Referring to Table 14-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become 1 year older (i.e., the slope coefficient for AGE) is ?-0.82 ± ________.

TABLE 14-10 You Worked as an Intern at We Always Win Car