A large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges , measured in dollars per month, for services rendered to local companies. One independent variable used to predict service charge to a company is the company's sales revenue , measured in million. Data for 21 companies who use the bank's services were used to fit the model
Suppose a confidence interval for is . Interpret the interval.
A) We are confident that service charge will decrease between and for every million increase in sales revenue .
B) We are confident that sales revenue will increase between and million for every increase in service charge .
C) We are confident that service charge will increase between and for every million increase in sales revenue .
D) We are confident that the mean service charge will fall between and per month.
Correct Answer:
Verified
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