An Internet retailer would like to investigate the relationship between the amount of time in minutes a purchaser spends on its Web site and the amount of money he or she spends on an order. The table to the right shows the data from a random sample of 12 customers. Construct a 99% confidence interval for the regression slope. Time Order_Size 17 70 15 30 26 97 25 198 4 51 16 36 3 60 37 362 5 122 34 164 25 80 8 247 Construct a 99% confidence interval for the slope. Please show how to do using Excel
An Internet retailer would like to investigate the relationship between the amount of time in minutes a purchaser spends on its Web site and the amount of money he or she spends on an order. The table to the right shows the data from a random sample of 12 customers. Construct a 99% confidence interval for the regression slope. Time Order_Size 17 70 15 30 26 97 25 198 4 51 16 36 3 60 37 362 5 122 34 164 25 80 8 247 Construct a 99% confidence interval for the slope. Please show how to do using Excel
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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An Internet retailer would like to investigate the relationship between the amount of time in minutes a purchaser spends on its Web site and the amount of money he or she spends on an order. The table to the right shows the data from a random sample of 12 customers. Construct a 99% confidence interval for the regression slope.
Time | Order_Size |
17 | 70 |
15 | 30 |
26 | 97 |
25 | 198 |
4 | 51 |
16 | 36 |
3 | 60 |
37 | 362 |
5 | 122 |
34 | 164 |
25 | 80 |
8 | 247 |
Construct a 99% confidence interval for the slope. Please show how to do using Excel
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