The large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges (Y), measured in RM per month for services rendered to local companies. One independent variable used to predict service charge to a company is the the company's sales revenue (X), measured in millions of RM. Data for 21 companies who use the bank's services were used to fit the model. The results of the simple linear regression are provided below. Based on results below, interpret the standard error of the estimate in the model. * ŷ = -2,700 + 20x Sxy = 65, two – tailed p – value = 0.034 (for testing B About 95% of the observed service charges fall within RM65 of the least squares line. About 95% of the observed service charges equal their corresponding predicted values.. About 95% of the observed service charges fall within RM130 of the least squares line

The large national bank charges local companies for using their services. A bank official reported the results of a regression analysis designed to predict the bank's charges (Y), measured in RM per month for services rendered to local companies. One independent variable used to predict service charge to a company is the the company's sales revenue (X), measured in millions of RM. Data for 21 companies who use the bank's services were used to fit the model. The results of the simple linear regression are provided below. Based on results below, interpret the standard error of the estimate in the model. * ŷ = -2,700 + 20x Sxy = 65, two – tailed p – value = 0.034 (for testing B About 95% of the observed service charges fall within RM65 of the least squares line. About 95% of the observed service charges equal their corresponding predicted values.. About 95% of the observed service charges fall within RM130 of the least squares line

Trigonometry (MindTap Course List)

8th Edition

ISBN:9781305652224

Author:Charles P. McKeague, Mark D. Turner

Publisher:Charles P. McKeague, Mark D. Turner

Chapter4: Graphing And Inverse Functions

Section: Chapter Questions

Problem 6GP: If your graphing calculator is capable of computing a least-squares sinusoidal regression model, use...

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