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SCENARIO 13-1 a Large National Bank Charges Local Companies for Using

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SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model: SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model:   The results of the simple linear regression are provided below.     two-tail p value =0.034 (for testing   -Referring to Scenario 13-1, a 95% confidence interval for   is (15, 30) .Interpret the interval. A) You are 95% confident that the mean service charge will fall between $15 and $30 per month. B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) . C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) . D) At the   = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) . The results of the simple linear regression are provided below. SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model:   The results of the simple linear regression are provided below.     two-tail p value =0.034 (for testing   -Referring to Scenario 13-1, a 95% confidence interval for   is (15, 30) .Interpret the interval. A) You are 95% confident that the mean service charge will fall between $15 and $30 per month. B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) . C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) . D) At the   = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) . SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model:   The results of the simple linear regression are provided below.     two-tail p value =0.034 (for testing   -Referring to Scenario 13-1, a 95% confidence interval for   is (15, 30) .Interpret the interval. A) You are 95% confident that the mean service charge will fall between $15 and $30 per month. B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) . C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) . D) At the   = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) . two-tail p value =0.034 (for testing SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model:   The results of the simple linear regression are provided below.     two-tail p value =0.034 (for testing   -Referring to Scenario 13-1, a 95% confidence interval for   is (15, 30) .Interpret the interval. A) You are 95% confident that the mean service charge will fall between $15 and $30 per month. B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) . C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) . D) At the   = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) .
-Referring to Scenario 13-1, a 95% confidence interval for SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model:   The results of the simple linear regression are provided below.     two-tail p value =0.034 (for testing   -Referring to Scenario 13-1, a 95% confidence interval for   is (15, 30) .Interpret the interval. A) You are 95% confident that the mean service charge will fall between $15 and $30 per month. B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) . C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) . D) At the   = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) . is (15, 30) .Interpret the interval.


A) You are 95% confident that the mean service charge will fall between $15 and $30 per month.
B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) .
C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) .
D) At the SCENARIO 13-1 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 (Y) -- measured in dollars per month -- for services rendered to local companies.One independent variable used to predict service charges to a company is the company's sales revenue (X) -- measured in millions of dollars.Data for 21 companies who use the bank's services were used to fit the model:   The results of the simple linear regression are provided below.     two-tail p value =0.034 (for testing   -Referring to Scenario 13-1, a 95% confidence interval for   is (15, 30) .Interpret the interval. A) You are 95% confident that the mean service charge will fall between $15 and $30 per month. B) You are 95% confident that the sales revenue (X) will increase between $15 and $30 million for every $1 increase in service charge (Y) . C) You are 95% confident that mean service charge (Y) will increase between $15 and $30 for every $1 million increase in sales revenue (X) . D) At the   = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) . = 0.05 level, there is no evidence of a linear relationship between service charge (Y) and sales revenue (X) .

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