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A Statistician Found Data in an Advertisement That Listed the Price

Question 22

Short Answer

A statistician found data in an advertisement that listed the price of a diamond and the number of carats in the diamond. He entered the data (for 48 diamonds) into a computer package and fit a regression model for predicting price based on carats. He obtained the following computer output: A statistician found data in an advertisement that listed the price of a diamond and the number of carats in the diamond. He entered the data (for 48 diamonds) into a computer package and fit a regression model for predicting price based on carats. He obtained the following computer output:   -Comment on what is revealed by whether or not this confidence interval contains the value zero.
-Comment on what is revealed by whether or not this confidence interval contains the value zero.

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This confidence interval does not contai...

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