In Order to Predict with 98% Confidence the Expected Value

question 91

Multiple Choice

In order to predict with 98% confidence the expected value of y for a given value of x in a simple linear regression problem,a random sample of 15 observations is taken.Which of the following t-table values listed below would be used?

• A)1.350
• B)1.771
• C)2.160
• D)2.650

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Definitions:

Closing Values

A term often used in finance and investing to refer to the final price of a stock or asset when the market closes for the day.

High

A term which can refer to an elevated status, level, or degree of something, often used in a comparative context.

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.

Tossing

The act of throwing something lightly or casually, often used in the context of flipping a coin or similar objects.