If Excel Estimated the 95 Percent Confidence Interval for a Slope

question 3

Multiple Choice

If Excel estimated the 95 percent confidence interval for a slope coefficient for the price to run from - 25.50 to - 22.30, which of the following is true?

• A)You are 95 percent confident that in response to dollar increase in price, consumers will decrease the quantity demanded by an amount that lies between 22.30 and 25.50.
• B)You are 95 percent confident that in response to dollar increase in price, consumers will decrease the quantity demanded by an amount greater than 25.50.
• C)You are 95 percent confident that in response to dollar increase in price, consumers will decrease the quantity demanded by an amount greater than 22..30.
• D)You are 95 percent confident that in response to dollar increase in price, consumers will increase the quantity demanded by an amount that lies between 22.30 and 25.50.

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Definitions:

Remaining Cash

The amount of money a company has left after all its transactions have been accounted for.

Capital Balances

The amounts shown in a company's capital accounts, reflecting the capital owned by its owners or shareholders.

Liquidation

The process of converting assets into cash or other assets by selling them to pay off creditors or distribute the remaining assets to shareholders.

Deficiency

A shortfall or lack in quantity or quality, potentially referring to aspects such as nutrients, finances, or resources.