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:  ________

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

9)

Click to see additional instructions

What follows is a numeric fill in the blank question with 3 blanks.

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 Interval (CI) estimate of . The Excel-generated Regression output is provided below:

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:  ________

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman