Question: In a simple linear regression analysis attempting to link lottery sales (y) to jackpot amount (x), the following data are available: x y jackpot($millions) Sales(millions)
In a simple linear regression analysis attempting to link lottery sales (y) to jackpot amount
(x), the following data are available:
x y
jackpot($millions) Sales(millions)
12 60
14 70
6 40
8 50
The slope (b) of the estimated regression equation here is 3.5. The intercept (a) is 20.
Produce the 95% confidence interval estimate of the population slope, , and report the
upper bound for the interval.
A. 5.02
B. 4.66
C. 7.23
D. 3.72
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