The store manager of a local supermarket is interested in determining the relationship between the amount of money spent by customers and the size of their household. Using monthly data from all months in 2018, the following model was estimated: Y = 0.01 + 38.61 X Error sum of squares: 521.6 Sum of squares of X: 2323.3 Determine the lower limit of the 99% confidence interval for the slope correct to two decimal places.
The store manager of a local supermarket is interested in determining the relationship between the amount of money spent by customers and the size of their household. Using monthly data from all months in 2018, the following model was estimated: Y = 0.01 + 38.61 X Error sum of squares: 521.6 Sum of squares of X: 2323.3 Determine the lower limit of the 99% confidence interval for the slope correct to two decimal places.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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The store manager of a local supermarket is interested in determining the relationship between the amount of money spent by customers and the size of their household. Using monthly data from all months in 2018, the following model was estimated: Y = 0.01 + 38.61 X
Error sum of squares: 521.6 Sum of squares of X: 2323.3
Determine the lower limit of the 99% confidence interval for the slope correct to two decimal places.
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