Question

Simple Linear Regression Problem

3 points Save Answer QUESTION 1 The standard error of the estimate is the amount of error that is calculated amongst variables the same amount of error throughout, hence being standard the measure of variability around the line of regression the measure of the volatility of the independent variable 2 pointsSave Answer QUESTION 2 The Maroochy Chamber of Commerce is interested in determining the relationship between the number of fine days each year and the number of interstate and overseas tourists visiting the Sunshine Coast each year, measured in thousands. Using annual data from 1995 to 2005 (inclusive), the following model was estimated: Y-8.121.76X Error sum of squares: 375.2 Sum of squares of X: 939.8 Determine the upper limit for the 95% confidence interval for the slope correct to two decimal places.

Answer 1