Equation
the Regression Equation $\hat{ Y }$ = 4 + 15x₁ + 2

question 19

Essay

Equation
The regression equation, $\hat{ Y }$ = 4 + 1.5x₁ + 2.5x₂ has been fitted to 25 data points.The means of x₁ and x₂ are 30 and 46,respectively.The sum of the squared differences between observed and predicted values of y has been calculated as SSE = 175,and the sum of the squared differences between y values and mean of y is SST = 525.
-What is the approximate 95% confidence interval for the mean of y whenever x₁ = 20 and x₂ = 25.

Discriminate between participating and nonparticipating policies and their premiums.

Apply different methods to estimate life insurance needs based on individual or family circumstances.

Know the variety of sources from which life insurance can be obtained.

Acknowledge the significance of insurance company ratings in purchase decisions.

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Definitions:

Persuade

To induce someone to do something through reasoning or argument.

Workable

Feasible or capable of being implemented or done; practical and functional.

Feasible

Possible to do easily or conveniently; within the realm of practicality.

Audience's Capabilities

The skills, knowledge, and competencies that an audience possesses, which can influence how information is presented and received.