subject
Mathematics, 10.04.2020 03:58 quissowavyquis4808

A large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges (Y) - measured in dollars per month - for services rendered to local companies. One independent variable used to predict service charges to a company is the company's sales revenue (X) - measured in millions of dollars. Data for 21 companies who use the bank's services were used to fit the model. The results of the simple linear regression are provided below. Y=−2,700+20X, SYX=65, two-tailed p-value = 0.034 (for testing β1)A 95% confidence interval for the slope coefficient is (15, 30). Interpret the interval. A. You are 95% confident that the mean service charge will fall between $15 and $30 per month. B. You are 95% confident that the mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X).C. You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y).D. At the α = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X).

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:50
If x = -2, then x 2-7x+10 equals a. 0 b.20 c.28
Answers: 1
question
Mathematics, 21.06.2019 21:40
The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends more than a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?
Answers: 2
question
Mathematics, 22.06.2019 00:00
At a local museum, the total price for one adult and one child is $11. mrs. smith paid for herself and her three children. she spent $19. record the system of equations to be solved and then find the price of an adult and child ticket using either elimination or substitution.
Answers: 1
question
Mathematics, 22.06.2019 02:20
Use the second shift theorem to find the inverse laplace transform of (e^−3s) / (s^2 + 2s − 3)
Answers: 1
You know the right answer?
A large national bank charges local companies for using their services. A bank official reported the...
Questions
question
History, 05.10.2019 09:01
Questions on the website: 13722362