Question: consider the accompanying data on X = research and development expenditure thousands of dollars and Y = growth rate % per year for eight different
consider the accompanying data on X = research and development expenditure thousands of dollars and Y = growth rate % per year for eight different industries.
X 2027 5033 906 3567 1157 327 378 191
Y 190 3.96 2.44 0.88 0.37 -0.90 0.49 1.01
b.) use 90% confidence interval to estimate the average change in growth rate in % per year associated with a $1000 increase in expenditure. use a table or technology. round your answers to six decimal places.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
