Using a statistics program, consider again the relationship between the sales and profits of Fortune 500 companies
Question:
Using a statistics program, consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in Exercise 38.
In exercise
a) Find a 95% confidence interval for the slope of the regression line. Interpret your interval in context.
b) Last year, the drug manufacturer Eli Lilly, Inc., reported gross sales of $ 23 billion (that€™s $ 23,000 million). Create a 95% prediction interval for the company€™s profits, and interpret your interval in context.
Transcribed Image Text:
Profits Sales Dependent variable s Profits R-squared-66.2% s-466.2 79 Count 79 Mean209.839 4178.29 Variable Coefficient SE(Coeff) Variance 635.172 49,163.000 Intercept176.644 61.16 Std Dev 796.977 7011.63 Sales 0.092498 0.0075
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a 95 confidence interval b 1 t n2 SE b 1 00925 00075 199 ...View the full answer
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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