SCENARIO 18-5 You Worked as an Intern at We Always Win Car

Short Answer

SCENARIO 18-5
You worked as an intern at We Always Win Car Insurance Company last summer.You notice that individual car insurance premiums depend very much on the age of the individual,the number of traffic tickets received by the individual,and the population density of the city in which the individual lives.You performed a regression analysis in EXCEL and obtained the following information:

-Referring to Scenario 18-5,the 99% confidence interval for the change in mean insurance premiums of a person who has become 1 year older (i.e. ,the slope coefficient for AGE)is
- 0.82 ?.