More sales and profits. Using a statistics program, consider again the relationship between the sales and profits

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

Question Posted: