Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales

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Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales (y). The estimated regression equation there was ŷ =90 – 4x.

a. Show the 90% confidence interval estimate of the “population” intercept, . Interpret your interval.

b. Show the 90% confidence interval estimate of the “population” slope, . Interpret your interval.

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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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Question Posted: Jul 16, 2015 11:42 PM

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Refer to Exercise 3 where we are trying to link mortgage interest rate (x) to home sales

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The estimated regression equation is 90 4 x x y y 2 x 2 ...View the full answer

Understanding Business Statistics

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