Question: The estimated standard error for the slope parameter in the model described in Problem Set 2, Exercise 5 was 95.7. Construct a 95 percent confidence
The estimated standard error for the slope parameter in the model described in Problem Set 2, Exercise 5 was 95.7. Construct a 95 percent confidence interval for this parameter estimate. Show your work. What does this tell you about the estimated relationship?
Recall that the estimated regression model fit the following:
$pcinc_i = 11519.78 + 1028.96 \times pctba_i$
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