A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table.A random sample of bills and resulting tips were collected and the following regression results were observed:
SUMMARY OUTPUT Given this output,the upper limit for the 95 percent confidence interval estimate for the true regression slope coefficient is approximately 0.28.

Question

A study was recently performed by the Internal Revenue Service to determine how much tip income waiters and waitresses should make based on the size of the bill at each table.A random sample of bills and resulting tips were collected and the following regression results were observed:
SUMMARY OUTPUT  Given this output,the upper limit for the 95 percent confidence interval estimate for the true regression slope coefficient is approximately 0.28.

Quizplus · Accepted Answer

The upper limit for the 95% confidence interval estimate for the true regression slope coefficient can be found in the column "95% Conf. Interval for B" and is equal to 0.2801. Therefore, the statement is true.

A Study Was Recently Performed by the Internal Revenue Service