Use the Following to Answer Questions

question 8

Short Answer

Use the following to answer questions :
For a data set of 8 values of x and y,the value of = 180,the standard deviation of errors for the regression of y on x is 9.237,and the value of b is -6.28.
For the purpose of running a hypothesis test,the null hypothesis is that the slope of the population regression line of y on x is zero and the alternative hypothesis is that the slope of this population regression line is less than zero.The significance level is 1%.
-The 99% confidence interval for the slope,B,of the population regression line is:

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can contribute to an organization's performance and economy.

Shortage

A situation in which the demand for a product or service exceeds the available supply, often leading to higher prices or unmet consumer needs.

Organizational Flexibility

The ability of an organization to adapt rapidly and efficiently to changes in the internal and external environment.

HR Forecasting

The process of predicting an organization's future human resources needs based on current data, trends, and projected future events to ensure that the right number of people with the right skills are available when needed.