Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.1 - Assess Your Understanding - Applying the Concepts - Page 689: 11e

Answer

Confidence interval: $-0.0589\lt β_1\lt-0.0369$ We are 95% confident that as the commute time increases by 1 minute, the Gallup-Healthways Well-Being Index Composite Score decreases between 0.0369 and 0.0589.

Work Step by Step

From item (c): $∑(x_i-x ̅)^2=\sqrt {n-1}s_x=\sqrt {7-1}\times34.988=85.703$ $n=7$, so: $d.f.=n-2=5$ $t_{\frac{α}{2}}=t_{0.025}=2.571$ (According to Table VI, for d.f. = 5 and area in right tail = 0.025) $Lower~bound=b_1-t_{\frac{α}{2}}\frac{s_e}{\sqrt {Σ(x_i-x ̅)^2}}=−0.0479-2.571\times\frac{0.368}{85.703}=-0.0589$ $Upper~bound=b_1+t_{\frac{α}{2}}\frac{s_e}{\sqrt {Σ(x_i-x ̅)^2}}=−0.0479+2.571\times\frac{0.368}{85.703}=-0.0369$
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