Confidence interval for the population slope of amount

Assignment Help Basic Statistics
Reference no: EM132474424

Antonio wanted to predict the amount of sales per week based on the number of sale promotions, the amount spent on commercials, and the amount spent on magazine advertisements. 

Given the following 95% confidence interval for the population slope of amount spent on commercials, select the choice that correctly interprets the interval.

(81.038, 89.032)

A.) We are 95% confident that the average change in commercials for a 1 dollar increase in sales is between 81.038 and 89.032.

B.) We are 95% confident that the average change in sales for a 1 dollar increase in amount spent on commercials is between 81.038 and 89.032 with similar values for other variables.

C.) We are 95% confident that the average change in commercials for a 1 dollar increase in sales is between 81.038 and 89.032 with similar values for other variables. 

D.) We are 95% confident that the average change in sales for a 1 dollar increase in amount spent on commercials is between 81.038 and 89.032.

Reference no: EM132474424

Questions Cloud

What amount would appear in the work in process inventory : Determine what amount would appear in the Work in Process Inventory and Finished Goods Inventory on the balance sheet for Boat 25?
Compute the degree of operating leverage for funtime park : Begin by selecting the formula labels and then entering the amounts to compute the degree of operating leverage for Funtime Park.
Proportion of full-term babies born : A hospital claims that the proportion of full-term babies born in the hospital who weigh less than seven pounds is no more than 37%.
Journalize the clossing entry for brett kauffman enterprise : It is time for you to close the books on the year. refer to information below and journalize the clossing entries for brett kauffman enterprise
Confidence interval for the population slope of amount : Given the following 95% confidence interval for the population slope of amount spent on commercials, select the choice that correctly interprets the interval.
Calculate the profitability of the Julius Company account : In addition to these costs, product costs amount to 80 percent of sales. Calculate the profitability of the Julius Company account if activity is the same
Develop a scatter diagram for data with adjusted gross : a. Develop a scatter diagram for these data with adjusted gross income as the independent variable.
Determine about what is budgeting process : Determine about what is Budgeting Process. Analyze the steps in the budgeting process summarized in the NASBO presentation
Describe the events of the given war : Submit a paper in which you first define the Cold War and then choose a proxy war of the Cold War to be used in your research paper. Describe the events.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd