The article Technology, Productivity, and Industry
Chapter 0, Problem 13.24(choose chapter or problem)
The article Technology, Productivity, and Industry Structure (Technological Forecasting and Social Change [1983]: 113) included the accompanying data on x research and development expenditure and y growth rate for eight different industries. x 2024 5038 905 3572 1157 327 378 191 y 1.90 3.96 2.44 0.88 0.37 0.90 0.49 1.01 a. Would a simple linear regression model provide useful information for predicting growth rate from research and development expenditure? Use a .05 level of significance. b. Use a 90% confidence interval to estimate the average change in growth rate associated with a 1-unit increase in expenditure. Interpret the resulting interval.
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