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:

Good

In economics, it refers to a material item that satisfies some human desire or need. Goods can be tangible, like a book, or intangible, like a service.

Computer Software

Programs and operational information that run on computers, directing the computer's hardware to perform specific tasks.

Computers

Electronic devices capable of executing a set of instructions to perform various tasks, including processing, storing, and displaying information.

Price

The total of money that is predicted, demanded, or delivered in settlement for a product.