Question 1 A researcher at UQ is interested in understanding the relationship between the cost of dinner, measured in dollars, and the amount of time spent at university each day, measured in hours. Using daily data for 3 weeks in 2021, the following model was estimated: Y = -12.27 + 1.04 X Error sum of squares: 312.3 Sum of squares of X: 929 Determine the upper limit for the 98% confidence interval for the slope correct to two decimal places. %3D

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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Question 1 A researcher at UQ is interested in understanding
the relationship between the cost of dinner, measured in
dollars, and the amount of time spent at university each day,
measured in hours. Using daily data for 3 weeks in 2021, the
following model was estimated: Y = -12.27 + 1.04 X Error sum of
squares: 312.3 Sum of squares of X: 929 Determine the upper
limit for the 98% confidence interval for the slope correct to two
decimal places.
%3D
Transcribed Image Text:Question 1 A researcher at UQ is interested in understanding the relationship between the cost of dinner, measured in dollars, and the amount of time spent at university each day, measured in hours. Using daily data for 3 weeks in 2021, the following model was estimated: Y = -12.27 + 1.04 X Error sum of squares: 312.3 Sum of squares of X: 929 Determine the upper limit for the 98% confidence interval for the slope correct to two decimal places. %3D
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