More sales and profits. Using a statistics program, consider again the relationship between the sales and profits
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More sales and profits. Using a statistics program, consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in Exercise 38.
a) Find a 95% confidence interval for the slope of the regression line. Interpret your interval in context.
b) Last year, the drug manufacturer Eli Lilly, Inc., reported gross sales of $23 billion (that’s $23,000 million). Create a 95% prediction interval for the company’s profits, and interpret your interval in context.
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Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
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