Economist Joshua Grant Is Using Linear Regression to Try to Establish

question 110

Multiple Choice

Economist Joshua Grant is using linear regression to try to establish a link between the unemployment rate (x) and monthly home sales in the region (y) .The following data are available: The slope term (b) in the estimated regression equation is -8.The intercept term (a) is 237.Construct a 95% confidence interval estimate of E(y₅) , the expected number of for months in which the unemployment rate is price is 5 percent.Report the upper bound for the interval.

• A)326.4
• B)205.7
• C)289.3
• D)227.5
• E)301.6

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