Consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in
Question:
In Exercise 48
a) Find a 95% confidence interval for the slope of the regression line. Interpret your interval in context.
b) Last year, the drug manufacturer Eli Lilly, Inc., reported gross sales of $23 billion (that's $23,000 million). Create a 95% prediction interval for the company's profits, and interpret your interval in context.
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Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
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