The table below is the output of the regression analysis of the 63 total payment for all the claims in thousands of Swedish Kronor. Where is the X= number of claims and Y = total payment for all the claims in thousands of Polokwane Kronor for geographical zones in Polokwane: Regression analysis Multiple R 0.912878 R Square Adjusted R Square 0.830615 Standard Error 35.94092

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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The table below is the output of the regression analysis of the 63 total payment for all the claims in thousands of Swedish Kronor. Where is the X =
number of claims and Y = total payment for all the claims in thousands of Polokwane Kronor for geographical zones in Polokwane:
Regression analysis
Multiple R
0.912878
R Square
Adjusted R Square
0.830615
Standard Error
35.94092
Observations
63
ANOVA
df
MS
F
P-value
Regression
1
394021.5
394021.5
305.0293
2.04664E-25
Residual
61
78796.74
1291.75
Total
62
472818.3
Coefficients
Standard Error
t Stat
P-value
Lower 95%
Upper 95%
Intercept
19.99449
6.367757
0.002605
7.261369448
32.72760207
X
3.413824
0.195466
J
2.05E-25
N
The values N and O of 95% confidence interval will be:
OA. [3.023, 7.261]
O B. [3.011, 3.805]
O C. [3.805, 32.728]
O D. 13.023, 3.805]
Transcribed Image Text:The table below is the output of the regression analysis of the 63 total payment for all the claims in thousands of Swedish Kronor. Where is the X = number of claims and Y = total payment for all the claims in thousands of Polokwane Kronor for geographical zones in Polokwane: Regression analysis Multiple R 0.912878 R Square Adjusted R Square 0.830615 Standard Error 35.94092 Observations 63 ANOVA df MS F P-value Regression 1 394021.5 394021.5 305.0293 2.04664E-25 Residual 61 78796.74 1291.75 Total 62 472818.3 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 19.99449 6.367757 0.002605 7.261369448 32.72760207 X 3.413824 0.195466 J 2.05E-25 N The values N and O of 95% confidence interval will be: OA. [3.023, 7.261] O B. [3.011, 3.805] O C. [3.805, 32.728] O D. 13.023, 3.805]
Expert Solution
Step 1

Given :

slope = 3.4138

Standard error = 0.1955

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