Consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in

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Consider again the relationship between the sales and profits of Fortune 500 companies that you analyzed in Exercise 48.
In Exercise 48

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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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Stats Data And Models

ISBN: 662

4th Edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

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