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 bankʹs charges (y) , measured in dollars per
Month, for services rendered to local companies. One independent variable used to predict service
Charge to a company is the companyʹs sales revenue (x) , measured in $ million. Data for 21
Companies who use the bankʹs services were used to fit the model
Suppose a confidence interval for is . Interpret the interval.
A) We are confident that sales revenue will increase between and million for every increase in service charge .
B) We are confident that the mean service charge will fall between and per month.
C) We are confident that service charge will increase between and for every million increase in sales revenue .
D) We are confident that service charge will decrease between and for every million increase in sales revenue .
Correct Answer:
Verified
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