TABLE 14-10 You Worked as an Intern at We Always Win Car

question 89

Short Answer

TABLE 14-10
You worked as an intern at We Always Win Car Insurance Company last summer. You notice that individual car insurance premiums depend very much on the age of the individual, the number of traffic tickets received by the individual, and the population density of the city in which the individual lives. You performed a regression analysis in Excel and obtained the following information:

-Referring to Table 14-10, the 99% confidence interval for the change in mean insurance premiums of a person who has become 1 year older (i.e., the slope coefficient for AGE) is ?-0.82 ± ________.

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Definitions:

Pounds

A unit of weight in the imperial system, equivalent to 0.4536 kilograms.

Kg

An acronym for kilogram, a unit of mass in the International System of Units (SI), equivalent to approximately 2.20462 pounds.

Pounds

A unit of weight used primarily in the United States, equivalent to 0.453592 kilograms.

Convert

To change something into a different form or properties, often referring to changing beliefs, units, or file formats.