The Data Referred to in This Question Were Collected on 41

question 34

Multiple Choice

The data referred to in this question were collected on 41 employees of a large company.The company is trying to predict the current salary of its employees from their starting salary (both expressed in thousands of dollars) .The SPPS regression output is given below as well as some summary measures: What is an approximate 95% confidence interval for the slope ₁?

• A)(-7.57,4.39)
• B)(-4.52,1.34)
• C)(1.80,2.41)
• D)(1.95,2.26)

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Definitions:

Consumer's Income

The total amount of income available to an individual or household to spend or save, after taxes and other deductions.

Units of Product

Specific quantities of a product produced, identified for purposes of measurement, sale, or analysis.

MU/P

The marginal utility per unit of price, which helps to calculate how much satisfaction consumers derive from purchasing additional units of a product relative to its cost.

Newly Introduced Product

A product that has recently been launched into the market, often featuring new or innovative characteristics.