The Manager of a Local Shopping Mall Uses Simple Linear

question 22

Multiple Choice

The manager of a local shopping mall uses simple linear regression to develop an equation that predicts the number of daily shoplifting incidents at the mall's stores based on the number of security guards employed.The manager uses the following data: The slope of the regression line is b = -1.2; the intercept of the regression line is a = 14.5.Produce the 95% confidence interval for the estimate of the population slope, β, and use it to complete the following sentence:
With 95% confidence, the slope of the population regression line is between ______ and ______.

• A)-3.8, 1.3
• B)-2.9, 31.9
• C)-2.06, 3.59
• D)-1.2, 14.5

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Definitions:

Worksheet

A document used by accountants to organize and summarize financial information for the preparation of financial statements.

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Entries in accounting that increase liabilities or equity, or decrease assets, representing the opposite of debits.

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Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.