The following table lists the percentages of space for eight magazines that contain advertisements and the prices of those magazines. Percentage containing ads 35 42 56 48 67 25 62 34 Price ($) 5.50 6.95 4.95 5.75 3.95 8.25 5.50 6.75 a. Construct a 98% confidence interval for B. Round your answers to three decimal places. to i b. Testing at a 5% significance level, can you conclude that B is different from zero? Based on a 5% significance level test, we conclude that B different from zero.

Question
The following table lists the percentages of space for eight magazines that contain advertisements and the prices of those
magazines.
Percentage
containing ads
35
42
56
48
67
25
62
34
Price ($)
5.50
6.95
4.95
5.75
3.95
8.25
5.50
6.75
a. Construct a 98% confidence interval for B.
Round your answers to three decimal places.
to i
b. Testing at a 5% significance level, can you conclude that B is different from zero?
Based on a 5% significance level test, we conclude that B
different from zero.
Expand
Transcribed Image Text

The following table lists the percentages of space for eight magazines that contain advertisements and the prices of those magazines. Percentage containing ads 35 42 56 48 67 25 62 34 Price ($) 5.50 6.95 4.95 5.75 3.95 8.25 5.50 6.75 a. Construct a 98% confidence interval for B. Round your answers to three decimal places. to i b. Testing at a 5% significance level, can you conclude that B is different from zero? Based on a 5% significance level test, we conclude that B different from zero.

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