Question: Use the provided output to solve the problem: Calculate a 95% confidence interval for the mean wage (in thousands of dollars) of union members with

Use the provided output to solve the problem:

Calculate a 95% confidence interval for the mean wage (in thousands of dollars) of union members with 10 years of service. (CALCULATE MANUALLY)

Mean Wage = 49.3651

Regression Output:

Simple linear regression results:

Dependent Variable: Wages Independent Variable: LOS Wages = 43.898554 + 0.059247663 LOS Sample size: 58 R (correlation coefficient) = 0.30409097 R-sq = 0.092471321 Estimate of error standard deviation: 9.6517109

Parameter estimates:

Parameter	Estimate	Std. Err.	Alternative	DF	T-Stat	P-value
Intercept	43.898554	2.1319695	0	56	20.590611	<0.0001
Slope	0.059247663	0.02480298	0	56	2.3887317	0.0203

Analysis of variance table for regression model:

Source	DF	SS	MS	F-stat	P-value
Model	1	531.54904	531.54904	5.7060389	0.0203
Error	56	5216.7093	93.155523
Total	57	5748.2583

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