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Question 20

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Use the following to answer the questions below:
A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet) .
The regression equation is Price (in thousands) = 17.1 + 0.0643 Size (sq. ft.)
Use the following to answer the questions below: A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 48 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars)  based on the size of the home (in square feet) .  The regression equation is Price (in thousands)  = 17.1 + 0.0643 Size (sq. ft.)     -Construct a 95% confidence interval for the population slope. A)  0.0397 to 0.0889 B)  0.0395 to 0.0891 C)  0.0392 to 0.0894 D)  0.0389 to 0.0897
-Construct a 95% confidence interval for the population slope.


A) 0.0397 to 0.0889
B) 0.0395 to 0.0891
C) 0.0392 to 0.0894
D) 0.0389 to 0.0897

Correct Answer:

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