Provide a 95% confidence interval for the population slope of the regression line. What is the lower bound of the 95% confidence interval?
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Provide a 95% confidence interval for the population slope of the regression line.
What is the lower bound of the 95% confidence interval?
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- A sales manager wants to examine the relationship between the number of daily customers (x) and the revenue generated (y). For this purpose, he made observations in a randomly chosen 6 days for a store and observed the number of daily customers and the revenue (1000 TL). The personally created data set for the x and y variables is included in the attached “Homework data” file. Using the data set defined on your behalf; x1 x2 x3 x4 x5 x6 y1 y2 y3 y4 y5 y6 sb1 Burak data 74 86 96 105 110 124 290 307 331 406 421 481 0.491 a) Create the regression equation b) Interpret b0 and b1 values c) Test and interpret whether there is a linear relationship between the number of daily customers and the income obtained at the level of α = 0.05 significance. d) Establish and interpret the 95% confidence interval for β1.A sales manager wants to examine the relationship between the number of daily customers (x) and the revenue generated (y). For this purpose, he made observations in a randomly chosen 6 days for a store and observed the number of daily customers and the revenue (1000 TL). The personally created data set for the x and y variables is included in the attached “Homework data” file. Using the data set defined on your behalf; x1 x2 x3 x4 x5 x6 y1 y2 y3 y4 y5 y6 sb1 Burak data 74 86 96 105 110 124 290 307 331 406 421 481 0.491 d) Establish and interpret the 95% confidence interval for β1.A sales manager wants to examine the relationship between the number of daily customers (x) and the revenue generated (y). For this purpose, he made observations in a randomly chosen 6 days for a store and observed the number of daily customers and the revenue (1000 TL). The personally created data set for the x and y variables is included in the attached “Homework data” file. Using the data set defined on your behalf; x1 x2 x3 x4 x5 x6 y1 y2 y3 y4 y5 y6 sb1 Burak data 74 86 96 105 110 124 290 307 331 406 421 481 0.491 a) Create the regression equation b) Interpret b0 and b1 values c) Test and interpret whether there is a linear relationship between the number of daily customers and the income obtained at the level of α = 0.05 significance. Could you explain this question again and in more detail especially not in excel image
- The amount of water discharged by the Davao River has changed over time in roughly a straight-line A regression line for predicting water discharged (in cubic kilometers) during a given year is predicted discharge = -7792 + (4.226 x year) How much (on average) does the volume of water increase with each passing year?intercept the meaning of regression coefficent of independent variable?ms/d/e/1FAlpQLSeqicz28JvqPvaUE18MzvjYM-eANyjbFCs14Gxm Self-Care Assessme.. C Clever | Portal Springboard-Home A person's hair is 8 centimeters long. The equation below can be used to estimate the length (L), in centimeters (cm), that the person's hair will be after w weeks. L= +8 Based on the equation, what will be the estimated length of the person's hair after 10 weeks? El cabello de una persona mide 8 centimetros de largo. La siguiente ecuación