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In: Statistics and Probability

A researcher used cross-section data for the 10 areas to generate the results given below. Use...

A researcher used cross-section data for the 10 areas to generate the results given below.
Use the regression results to estimate the following.
Be sure to show your calculations for each question
a) The estimate of Auto Sales for a population of 100.
b) The 95% confidence interval for the estimate of Auto Sales for a population of 100.
c) The 95% confidence interval for the slope coefficient for the population.
Area Auto Sales Population
1 185792 133.17
2 85643 110.86
3 97101 68.04
4 100249 99.59
5 527817 289.52
6 403916 339.98
7 78283 89.53
8 188756 155.78
9 329531 248.95
10 91944 102.13
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.940486645
R Square 0.88451513
Adjusted R Square 0.870079521
Standard Error 57050.41359
Observations 10
df SS MS F Significance F
Regression 1 1.99429E+11 1.99429E+11 61.2731 5.106E-05
Residual 8 26037997529 3254749691
Total 9 2.25467E+11

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