TABLE 13-10
You worked as an intern at We Always Win Car Insurance Company last summer. You noticed 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 Microsoft Excel and obtained the following information:

-Referring to Table 13-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become one year older (i.e., the slope coefficient for AGE)is -0.82 ± ________.

Question

TABLE 13-10
You worked as an intern at We Always Win Car Insurance Company last summer. You noticed 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 Microsoft Excel and obtained the following information:
 
-Referring to Table 13-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become one year older (i.e., the slope coefficient for AGE)is -0.82 ± ________.

Quizplus · Accepted Answer

The Answer of TABLE 13-10
You worked as an intern at We Always Win Car Insurance Company last summer. You noticed 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 Microsoft Excel and obtained the following information:
 
-Referring to Table 13-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become one year older (i.e., the slope coefficient for AGE)is -0.82 ± ________.

TABLE 13-10 You Worked as an Intern at We Always Win Car