Question: Refer to Exercise 4 where we are trying to link average hourly wage (x) to employee turnover rate (y) The estimated regression equation there was

Refer to Exercise 4 where we are trying to link average hourly wage (x) to employee turnover rate (y) The estimated regression equation there was ŷ = 139.2 – 6.7x.

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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The estimated regression equation is 1392 67 x x y y y 2 x 2 x x 2 18 20 186 14 196 324 2 4 12 64 58... View full answer

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