Referring to the regression model from Exercise 12-3,(a)
Chapter 12, Problem 51E(choose chapter or problem)
Referring to the regression model from Exercise 12-3,
(a) Find a \(95 \%\) confidence interval for the coefficient of spending on higher education.
(b) Is zero in the confidence interval you found in part (a)? What does that fact imply about the coefficient of higher education?
(c) Find a \(95 \%\) prediction interval for a state that has \(\$ 1\) per \(\$ 1000\) in venture capital, spends \(\$ 10,000\) per student on funding for major research universities, and spends \(0.5 \%\) of its GDP on higher education.
Equation Transcription:
Text Transcription:
95%
95%
＄1
＄1000
＄10,000
0.5%
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