Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 98.0% Upper 98.0% Intercept 23.1328125 5.324310936 4.344752359 0.022510469 6.188478833 40.07714617 -1.043301388 47.30892639 Expend 3.1015625 0.950164031 3.264239014 0.046980871 0.077716489 6.125408511 -1.212850033 7.415975033 a. Enter the value of the Left-Hand Endpoint (LHEP) of the 98% Confidence Interval (CI) estimate of B1 . Round off your answer to the fourth decimal place. The LHEP of the 98% CI for B1, rounded off as instructed, is______ b. Enter the value of the Right-Hand Endpoint (RHEP) of the 98% Confidence Interval (CI) estimate of b1. Round off your answer to the fourth decimal place. The RHEP of the 98% CI for b1, rounded off as instructed, is: ________
9)
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A Simple Linear Regression (SLR) was performed where the monthly Revenue ("Rev", the y-variable) was regressed on the monthly Advertising Expenditures ("Expend", the x-variable). Excel was used to construct the 98% Confidence
ANOVA | ||||||||
df | SS | MS | F | Significance F | ||||
Regression | 1 | 492.528125 | 492.528125 | 10.65525634 | 0.046980871 | |||
Residual | 3 | 138.671875 | 46.22395833 | |||||
Total | 4 | 631.2 | ||||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 98.0% | Upper 98.0% | |
Intercept | 23.1328125 | 5.324310936 | 4.344752359 | 0.022510469 | 6.188478833 | 40.07714617 | -1.043301388 | 47.30892639 |
Expend | 3.1015625 | 0.950164031 | 3.264239014 | 0.046980871 | 0.077716489 | 6.125408511 | -1.212850033 | 7.415975033 |
a. Enter the value of the Left-Hand Endpoint (LHEP) of the 98% Confidence Interval (CI) estimate of B1 . Round off your answer to the fourth decimal place.
The LHEP of the 98% CI for B1, rounded off as instructed, is______
b. Enter the value of the Right-Hand Endpoint (RHEP) of the 98% Confidence Interval (CI) estimate of b1. Round off your answer to the fourth decimal place.
The RHEP of the 98% CI for b1, rounded off as instructed, is: ________
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