MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
The percentage of the population lacking functional literacy skills and the percentage of the population living below 50% of median income is given in the following table for eight
highly developed countries:
Select one:
Country
a. (-0.23, 13.38)
b.
(0.35, 1.48)
c.
(0.38, 1.45)
O d. (0.16, 12.99)
Australia
Canada
Ireland
Switzerland
Pop. living Pop. lacking
below 50% of functional
median income literacy skills
(x)
(y)
12.2
United States
Denmark
United Kingdom
Germany
Assuming that the regression model assumptions are valid, construct a 95% confidence interval for ₁.
11.4
16.2
7.6
17.0
5.6
12.5
8.4
17.0
14.6
22.6
15.9
20.0
9.6
21.8
14.4
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Transcribed Image Text:The percentage of the population lacking functional literacy skills and the percentage of the population living below 50% of median income is given in the following table for eight highly developed countries: Select one: Country a. (-0.23, 13.38) b. (0.35, 1.48) c. (0.38, 1.45) O d. (0.16, 12.99) Australia Canada Ireland Switzerland Pop. living Pop. lacking below 50% of functional median income literacy skills (x) (y) 12.2 United States Denmark United Kingdom Germany Assuming that the regression model assumptions are valid, construct a 95% confidence interval for ₁. 11.4 16.2 7.6 17.0 5.6 12.5 8.4 17.0 14.6 22.6 15.9 20.0 9.6 21.8 14.4
Expert Solution
Check Mark
Step 1: Define the formula of confidence interval for slope.

The formula of confidence interval for slope is,

Statistics homework question answer, step 1, image 1

Where,

 bl denotes the slope

Sb1 denotes the standard error of slope.

 

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