Consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in

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Consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in Exercise 48.
In Exercise 48
Consider again the relationship between the sales and profits of

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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Stats Data and Models

ISBN: 978-0321986498

4th edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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